Wynn Resorts upgraded to Buy from Neutral at UBS

UBS upgraded Wynn Resorts (WYNN) to Buy from Neutral with a price target of $147, up from $101. The firm cites its increased Macau estimates and more bullish view on Wynn’s Al Marjan resort for the upgrade. The market will leave the company’s December investor day with similar views, the analyst tells investors in a research note. UBS believes Wynn being the only gaming operator in the UAE will provide a “meaningful head start in capturing loyalty among ultra high net worth international customers.”