Wynn Resorts price target raised to $150 from $137 at Stifel

Stifel raised the firm’s price target on Wynn Resorts to $150 from $137 and keeps a Buy rating on the shares. The firm has “once again” moved its estimates materially higher based on the strength coming out of Macau, says the analyst, who continues to believe “Macau-centric stocks are well positioned right now” and thinks pent-up demand in China should be sustainable for “at least another year.”