Wynn Resorts Has An Upside To Estimates, Says Bullish Analyst
Portfolio Pulse from Priya Nigam
Wynn Resorts, Limited (NASDAQ:WYNN) has been highlighted by Mizuho Securities for its potential upside in market share and EBITDA margins, particularly in Macau. Analyst Ben Chaiken initiated coverage with a Buy rating and a price target of $131, citing better operating leverage at the company's properties and potential for robust growth in Las Vegas. Wynn's ownership of its real estate, excluding Boston, is seen as a differentiator. Shares rose 2.58% to $109.17.
April 04, 2024 | 4:46 pm
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Wynn Resorts has been identified by Mizuho Securities for its potential growth in market share and EBITDA margins, especially in Macau, with a Buy rating and a $131 price target.
The positive outlook from Mizuho Securities, including a Buy rating and a high price target, indicates strong confidence in Wynn Resorts' future performance. The emphasis on market share and EBITDA margin growth in Macau, along with the potential for continued robust growth in Las Vegas, supports a bullish view. The ownership of real estate is also highlighted as a key differentiator, adding to the positive sentiment. The recent price action, with shares rising 2.58%, reflects immediate market reaction to these optimistic projections.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100