Wynn Resorts price target raised to $132 from $130 at Morgan Stanley

Morgan Stanley analyst Stephen Grambling raised the firm’s price target on Wynn Resorts (WYNN) to $132 from $130 and keeps an Overweight rating on the shares ahead of the company’s investor event in the United Arab Emirates next month. The firm, which adjusted its UAE market sizing and valuation, expects the company to increase its own expectations for the property on the back of rapid growth in the region, the analyst tells investors.