Wynn Resorts price target raised to $109 from $85 at Stifel

Stifel analyst Steven Wieczynski raised the firm’s price target on Wynn Resorts (WYNN) to $109 from $85 and keeps a Buy rating on the shares, citing his continued belief that Wynn "represents one of the most compelling ideas under our coverage given the massive underperformance over the last 24 months coupled with benign investor expectations." He believes Macau-centric stocks such as Wynn and Las Vegas Sands (LVS) could present investors with "an interesting way to play the China reopening story" moving into 2023, Wieczynski said.