Wynn Resorts price target lowered to $96 from $111 at Jefferies

Jefferies lowered the firm’s price target on Wynn Resorts to $96 from $111 and keeps a Hold rating on the shares. Given mixed fundamentals across Macau, Las Vegas, and Regional markets, the firm remains “selectively constructive” on U.S. casinos into Q2 earnings, the analyst tells investors in a preview note. The firm continues to expect better than expected strength in Las Vegas near- and long-term, an “uninspiring recovery” in Macau and Regionals to remain “choppy with isolated growth,” the analyst added.