Stifel analyst Steven Wieczynski said he expects Wynn Resorts (WYNN), along with its Macau casino operator peers, to trade sharply lower in response to Wynn's "uninspiring commentary" around Macau gaming trends in the weeks following the recent Golden Week holiday. The impact of a slowdown in the premium mass and VIP gaming segments does not appear to be exclusive to Macau, as management also noted baccarat trends at its Las Vegas property have been hurt, noted Wieczynski. He lowered his price target on Wynn shares to $138 from $192 following the quarterly report and cautious commentary. However, Wieczynski keeps a Buy rating on Wynn shares as he sees long-term value and also thinks the company remains in play as a potential acquisition target, particularly in the event the shares trade off further from current levels. In pre-market trading, Wynn Resorts is down $15.99, or 14%, to $98 per share.

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