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Fly News Breaks for January 13, 2020
RRR, LVS, WYNN
Jan 13, 2020 | 17:31 EDT
Goldman Sachs analyst Stephen Grambling added Wynn Resorts (WYNN) to the America's Conviction List and kept a Buy rating on the stock with a price target of $181, up from $157. The analyst is positive on Wynn due to a more bullish outlook on Macau, with "negative trends in Macau turning positive and leading indicators in both Las Vegas and Macau strengthening." The analyst also said trade tensions between the U.S. and China have eased, and noted that positive policy initiatives for Macau were announced by President Xi. Grambling also remained Buy rated on Las Vegas Sands (LVS) and Red Rock Resorts (RRR).