Wynn Resorts price target raised to $115 from $105 at Susquehanna

Susquehanna analyst Joseph Stauff raised the firm’s price target on Wynn Resorts to $115 from $105 and keeps a Positive rating on the shares. The firm said they posted a storng beat but thinks the stock is most sensitive to its Macau-based operationss as there is still significant skepticism on the Macau-based outlook/recovery versus a Las Vegas outlook that is likely to peak in 1Q24.