Wynn Resorts shares are trading lower after Morgan Stanley maintained an Equal-Weight rating on the stock but lowered its price target from $113 to $109.
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on Wynn Resorts but lowered its price target from $113 to $109. This has led to a decrease in Wynn Resorts' share price.
October 13, 2023 | 7:38 pm
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Wynn Resorts' share price is trading lower after Morgan Stanley maintained an Equal-Weight rating but lowered its price target from $113 to $109.
The lowering of the price target by Morgan Stanley, a major financial institution, indicates a less optimistic outlook for Wynn Resorts. This can lead to a decrease in investor confidence, resulting in a lower share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100