UPDATE: FBR Capital Markets Initiates Coverage on Wynn Resorts on Limited Near-Term Growth Prospects
In a report published Wednesday, FBR Capital Markets analyst Jake Fuller initiated coverage on Wynn Resorts Limited (NASDAQ: WYNN) with a Market Perform rating and $175.00 price target.
In the report, FBR Capital Markets noted, “We are initiating coverage of Wynn Resorts, Limited (WYNN) with a Market Perform rating and a $175 price target. While the company is a marquee operator with a great balance sheet, free cash flow profile, and capital return story, we struggle with relatively modest near-term growth prospects and a high relative valuation.”
Wynn Resorts Limited closed on Tuesday at $167.38.
Latest Ratings for WYNN
|Sep 2014||Argus Research||Downgrades||Buy||Hold|
|Sep 2014||Deutsche Bank||Maintains||Buy|
|Aug 2014||Gabelli & Co.||Downgrades||Buy||Hold|
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