Over the past couple of trading days, shares of Wynn Resorts, Limited WYNN fell more than 13.5 percent. However, the stock is still up by 27 percent year-to-date and over 70 percent from its January lows.
It seems like the Vetr crowd believes the rise will continue, as suggested by its average price target of $96.42, which implies a potential return of roughly 9.75 percent.
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Seeking to better reflect this upside potential, the Vetr community decided to upgrade its rating on Wynn’s stock on Monday, from 2.5 Stars (Sell) to 3.5 Stars (Buy) - out of a possible 5.0 Stars rating.
It should be noted that, in accordance with the new rating, 58 percent of the crowd's ratings are bullish at the time.
Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.
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