Vetr Top Raters Upgrade Wynn To Strong Buy
The Vetr community upgraded their rating on Wynn Resorts, Limited (NASDAQ: WYNN) from 3.5 stars to 4.5 stars on Friday.
The upgrade comes on the heels of data released form the Macao Gaming Inspection and Coordination Bureau, which reported an 8.5 percent drop in gaming revenue year-over-year in June. But that number actually beat the analyst consensus of a 9.5 percent drop.
As of this writing, the Vegas casino looks to have opened Friday at the lows, jumping almost $3 to $93.95 in the first three hours of trading.
Analysts have a price target of $96.36, while the Vetr crowd's price target is $101.61.
Currently, less than 2 percent of Vetr users are holding Wynn on their watchlists, and 66 percent of the crowd's ratings are bullish.
Latest Ratings for WYNN
|Oct 2016||Susquehanna||Initiates Coverage On||Positive|
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