After hosting investor meetings with CFO Craig Billings, JPMorgan analyst Joseph Greff believes there is a disconnect between Wynn Resorts' current operating fundamentals and current investor sentiment. The shares, after dropping from $200 in late May to around $128, are pricing in a considerable amount of Macau, China, trade tension and emerging market risks, Greff tells investors in a research note. As such, he sees a "considerable amount of value" at current share levels. He keeps an Overweight rating on Wynn Resorts with a $191 price target and views the recent sector pullback as a buying opportunity.