Deutsche Bank lowered the firm’s price target on Wynn Resorts to $124 from $140 and keeps a Buy rating on the shares post the Q3 report. Macau came in lighter than expected on a headline EBITDA basis, and operating expenses “crept a bit,” in conjunction with programming and non-gaming elements, the analyst tells investors in a research note. However, the firm would be buyers of the stock on weakness.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on WYNN:
- Wynn Resorts (NASDAQ:WYNN) Dips despite Q3 Success and Vegas Labour Deal
- Vegas hospitality unions reach labor deal with Wynn Resorts, Reuters reports
- Wynn Resorts price target lowered to $125 from $136 at Barclays
- Wynn Resorts Stock (NASDAQ:WYNN) Falls Despite Robust Q3 Results
- Wynn Resorts reports Q3 adjusted EPS 99c, consensus 75c
