Deutsche Bank Keeps Their Buy Rating on Wynn Resorts (WYNN)

Deutsche Bank analyst Carlo Santarelli reiterated a Buy rating on Wynn Resorts (WYNNResearch Report) today and set a price target of $123.00. The company’s shares closed last Tuesday at $96.26.

According to TipRanks.com, Santarelli is a top 100 analyst with an average return of 23.7% and a 62.5% success rate. Santarelli covers the Services sector, focusing on stocks such as Hilton Worldwide Holdings, Marriott International, and Caesars Entertainment.

Wynn Resorts has an analyst consensus of Moderate Buy, with a price target consensus of $106.06.

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Based on Wynn Resorts’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $995 million and GAAP net loss of $166 million. In comparison, last year the company earned revenue of $370 million and had a GAAP net loss of $758 million.

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Wynn Resorts Ltd. operates as a holding company, which engages in the development, ownership and operation of destination casino resorts. It operates through the following segments: Wynn Macau, Wynn Palace and Las Vegas Operations. The Las Vegas Operations segment covers Wynn Las Vegas and Encore. The company was founded by Stephen Alan Wynn, Elaine P. Wynn and Kazuo Okada in 2002 and is headquartered in Las Vegas, NV.

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