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UPDATE: FBR Capital Markets Initiates Coverage on Wynn Resorts on Limited Near-Term Growth Prospects

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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

DateFirmActionFromTo
Mar 2015CLSADowngradesBuyOutperform
Mar 2015Brean CapitalInitiates Coverage onBuy
Mar 2015Morgan StanleyDowngradesOverweightEqual-weight

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Posted-In: FBR Capital Markets Jake FullerAnalyst Color Initiation Analyst Ratings

 

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