Wynn Resorts shares are trading higher after Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $97 to $104. Also, the stock may be trading higher amid continued strength after a report suggested that China China will issue up to $284 billion of sovereign debt as part of a stimulus.
Portfolio Pulse from Benzinga Newsdesk
Wynn Resorts shares are trading higher following Morgan Stanley's decision to maintain an Overweight rating and raise the price target from $97 to $104. Additionally, the stock is benefiting from positive sentiment due to China's potential $284 billion sovereign debt issuance as part of a stimulus.
September 27, 2024 | 3:35 pm
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Wynn Resorts shares are trading higher after Morgan Stanley raised its price target to $104 and maintained an Overweight rating. The stock is also buoyed by China's potential $284 billion stimulus.
Morgan Stanley's increased price target and maintained Overweight rating are strong positive signals for investors, likely boosting short-term stock price. Additionally, China's potential stimulus could enhance market sentiment, further supporting the stock's upward movement.
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