Wynn Resorts price target raised to $160 from $150 at Stifel

Stifel analyst Steven Wieczynski raised the firm’s price target on Wynn Resorts (WYNN) to $160 from $150 and keeps a Buy rating on the shares. After having recently attended Wynn’s investor event in Dubai, the firm feels “incredibly confident” that Wynn’s projected EBITDA guidance will ultimately prove conservative, the analyst tells investors.