Wynn Resorts price target raised to $128 from $106 at Deutsche Bank

Deutsche Bank analyst Carlo Santarelli raised the firm’s price target on Wynn Resorts to $128 from $106 and keeps a Buy rating on the shares. Deutsche Bank expected strong Las Vegas results, given the high end strength in the market in Q4, and Wynn Resorts delivered, the analyst tells investors. While Macau results for Q4 were weaker than forecasted, the outlook commentary was key to the call, the firm argues.