Jefferies analyst David Katz noted that the 2019-nCoV outbreak in China, and one case indicated in Macau, resulted in negative reactions across global markets and produced "profound corrections" in Macau gaming stocks MGM Resorts (MGM), Las Vegas Sands (LVS) and Wynn Resorts (WYNN). The properties operated by those three companies opened years after the SARS outbreak, so that event "offers little historical reference," said Katz. In a downside sensitivity analysis he conducted, Katz estimated 28.8% downside to his worst case scenario from his current $160 price target for Wynn, 24.6% worst case scenario downside for Las Vegas Sands from his current $65 price target, and 15.4% worst case downside for MGM from his current target of $39. While he believes there should be "a moment of clarity" after which the stocks will recover sharply, for now he would recommend "patience and prudence" in the near-term. Katz has Buy ratings on MGM and Wynn shares and a Hold rating on Las Vegas Sands.