Morgan Stanley lowered the firm’s price target on Wynn Resorts to $97 from $107 and keeps an Equal Weight rating on the shares. The firm has adjusted its forecasts across the casino gaming sector to embed weaker trends in Las Vegas, ongoing pressure in the Regions, and plateauing growth in Macau, the analyst tells investors.
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- Wynn Macau Adjusts Bond Conversion Price After Dividends
- Wynn Macau Releases Interim Financial Performance Report
- Expectations for Macau unchanged following August revenue report, says Jefferies
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