Wynn Resorts price target lowered to $99 from $116 at Barclays

Barclays analyst Brandt Montour lowered the firm’s price target on Wynn Resorts (WYNN) to $99 from $116 and keeps an Overweight rating on the shares as part of a Q1 earnings preview for the lodging C-corps. Lodging outlooks are “poised to move lower” amid “accumulating headwinds, the analyst tells investors in a research note. Barclays cutting RevPAR estimates across the board, but says “resilient” fee models should keep profitability “robust.”