Wynn Resorts price target raised to $128 from $123 at Stifel

Stifel raised the firm’s price target on Wynn Resorts (WYNN) to $128 from $123 and keeps a Buy rating on the shares. While telling investors that Wynn’s Q4 report and outlook “probably aren’t as strong” as MGM‘s (MGM), the firm adds “it’s pretty darn close and more importantly should allow WYNN shares to move higher.”