Wynn Resorts Ltd (WYNN)

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Wynn Resorts, Limited (NASDAQ:WYNN) Given Consensus Recommendation of "Hold" by Brokerages
By: MarketBeat | January 17, 2021

• Wynn Resorts, Limited (NASDAQ:WYNN) has been assigned an average recommendation of "Hold" from the nineteen ratings firms that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $91.25.

A number of research firms have issued reports on WYNN. Macquarie upped their target price on shares of Wynn Resorts from $80.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, December 2nd. Smith Barney Citigroup lowered shares of Wynn Resorts from a "buy" rating to a "sell" rating in a report on Thursday, January 7th. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their price objective on shares of Wynn Resorts from $96.00 to $106.00 and gave the stock an "overweight" rating in a report on Tuesday, November 17th. Morgan Stanley increased their price objective on shares of Wynn Resorts from $100.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, November 19th. Finally, Jefferies Financial Group lowered shares of Wynn Resorts from a "buy" rating to a "hold" rating and cut their price objective for the stock from $111.00 to $81.00 in a report on Friday, October 16th.

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