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Wynn Resorts (WYNN) Receives a Buy from Deutsche Bank

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In a report released today, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Wynn Resorts (WYNNResearch Report), with a price target of $92.00. The company’s shares closed last Tuesday at $61.65, close to its 52-week low of $61.03.

According to, Santarelli is a 5-star analyst with an average return of 19.6% and a 53.7% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Marriott International.

Currently, the analyst consensus on Wynn Resorts is a Moderate Buy with an average price target of $100.85.

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Wynn Resorts’ market cap is currently $7.11B and has a P/E ratio of -9.19.

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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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