Wynn Resorts price target lowered to $142 from $144 at Wells Fargo

Wells Fargo analyst Trey Bowers lowered the firm’s price target on Wynn Resorts (WYNN) to $142 from $144 and keeps an Overweight rating on the shares. The firm views the company’s Q1 report as strong. Wynn’s results outpaced peers and market-level dynamics in both Las Vegas and Macau, the analyst tells investors in a research note. Wells cites the late opening in the United Arab Emirates for the target cut.