Wynn Resorts price target raised to $118 from $113 at JPMorgan

JPMorgan analyst Joseph Greff raised the firm’s price target on Wynn Resorts to $118 from $113 and keeps an Overweight rating on the shares post the “strong” Q4 report. The analyst says results in both Macau and Las Vegas exceeded the firm’s recently revised above-consensus estimates. The firm sees continued mass-driven results grinding Wynn’s Macau EBITDA streams higher.