Wynn Resorts shares are trading higher after HSBC initiated coverage on the stock with a Buy rating and $111 price target.
Portfolio Pulse from Benzinga Newsdesk
HSBC has initiated coverage on Wynn Resorts with a Buy rating and a price target of $111. This has led to an increase in the trading of Wynn Resorts shares.
October 23, 2023 | 3:38 pm
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Wynn Resorts' stock is trading higher following HSBC's initiation of coverage with a Buy rating and a $111 price target.
The initiation of coverage by HSBC, a major financial institution, with a Buy rating indicates a positive outlook for Wynn Resorts. This has led to increased trading of the company's shares, suggesting that the market is reacting positively to the news. The $111 price target set by HSBC is also likely to create a positive sentiment among investors, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100