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Good find $WYNN raised from $118 to $141 at Deutsche Bank Oct 12

Deutsche Bank Raised Price Target on Wynn Resorts; Expects Turnaround (WYNN)

Deutsche Bank raised its price target on Las Vegas resort company, Wynn Resorts, Limited ( WYNN ) on Friday.

Analysts at Deutsche Bank announced a raise on the price target for WYNN to $141. This target suggests a 16.3% increase from the previous target of $118. The firm predicts that Wynn Resorts will experience a greater demand for their Wynn Macau Las Vegas resort, and that may turn around the current decline. The expected increase would be a 19% increase from the current stock price on Friday of $114.18, and a 21.6% increase from the stock's YTD price of $110.49.

Wynn Resorts shares were up $2.06 or 1.83% during morning trading Friday. The stock has moved sideways for much of 2012.

The Bottom Line

Shares of Wynn Resorts ( WYNN ) have a 1.78% dividend yield, based on last night's closing stock price of $112.46. The stock has technical support in the $106-$110 price area. If the shares can firm up, we see overhead resistance around the $120-$121 price levels.

Read more: http://community.nasdaq.com/News/2012-10/deutsche-bank-raised-price-target-on-wynn-resorts-expects-turnaround-wynn.aspx?storyid=181132#ixzz29gwkxxa9

$WYNN