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WYNN

Wynn Resorts

$192.51

2.34 (1.23%)

, MGM

MGM Resorts

$31.92

0.19 (0.60%)

06:53
05/17/18
05/17
06:53
05/17/18
06:53

Wynn Resorts decides not to sell Boston casino, NY Post reports

Wynn Resorts (WYNN) has decided to keep its $2.5B Encore Boston Harbor casino, which is expected to open next year, after meeting with rivals MGM Resorts (MGM) and Ceasers Entertainment (CZR) over a possible sale, the New York Post reports, citing two sources with direct knowledge of the process. Wynn decided to hold on to the property after its competitors offered prices significantly discounted to the construction cost in a move that comes amid an investigation by the Massachusetts Gaming Commission, which is probing whether the company is suitable to hold a license based on reports that executives and directors were aware of Steve Wynn's alleged sexual harassment. Reference Link

WYNN

Wynn Resorts

$192.51

2.34 (1.23%)

MGM

MGM Resorts

$31.92

0.19 (0.60%)

CZR

Caesars

$13.15

0.45 (3.54%)

WYNN Wynn Resorts
$192.51

2.34 (1.23%)

04/02/18
ROTH
04/02/18
UPGRADE
Target $206
ROTH
Buy
Wynn Resorts upgraded to Buy from Neutral at Roth Capital
Roth Capital analyst David Bain upgraded Wynn Resorts to Buy from Neutral as he views regulatory and other risks as diminished, with Massachusetts likely remaining as the largest one still outstanding. While the analyst does not believe the "Steve Wynn stock multiple premium" will return, fundamental underpinnings are too strong for shares to not retrace at least closer to historical stock multiple averages in the near-to-intermediate term. Bain also raised his price target on the shares to $206 from $170.
04/02/18
04/02/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Tesla (TSLA) upgraded to Hold from Underperform at Jefferies with analyst Philippe Houchois saying Tesla shares are down 32% from their September 2017 peak and he sees a "high probability" that management and the board, when releasing first quarter unit data this week, take "more drastic action" on guidance and funding to "restore credibility." 2. Allstate (ALL) upgraded to Market Perform from Underperform at Keefe Bruyette with analyst Meyer Shields expecting strong first quarter results from the company. 3. Discovery (DISCA) upgraded to Outperform from Market Perform at Wells Fargo with analyst Marci Ryvicker saying she believes the stock offers a "compelling" risk/reward profile at current share levels. 4. Darden (DRI) was upgraded to Outperform from Sector Perform at RBC Capital and to Outperform from Market Perform at Raymond James. 5. Wynn Resorts (WYNN) upgraded to Buy from Neutral at Roth Capital with analyst David Bain saying he views regulatory and other risks as diminished, with Massachusetts likely remaining as the largest one still outstanding. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/25/18
JEFF
04/25/18
NO CHANGE
Target $230
JEFF
Buy
Wynn Resorts price target raised to $230 from $200 at Jefferies
Jefferies analyst David Katz raised his price target for Wynn Resorts to $230 saying last night's quarter offered little reason to change his positive stance on the shares. Management indicated its plans for "aggressive but prudent growth" with continued consideration of the full spectrum of capital allocation options, which is not a surprise, Katz tells investors in a post-earnings research note titled "WYNN 2.0: Same Hardware, Software Reboot." The analyst reiterates a Buy rating on Wynn Resorts.
04/25/18
NOMU
04/25/18
NO CHANGE
Target $215
NOMU
Buy
Wynn Resorts price target raised to $215 from $210 at Nomura Instinet
Nomura Instinet analyst Harry Curtis raised his price target for Wynn Resorts to $215 saying the Q1 results were even stronger than pre-announcement six weeks ago would have suggested. The analyst sees 19% total return upside potential relative to the stock's 3% post-earnings pullback. He keeps a Buy rating on Wynn.
MGM MGM Resorts
$31.92

0.19 (0.60%)

05/14/18
JEFF
05/14/18
NO CHANGE
JEFF
Jefferies says Penn National, Caesars among winners from sports gaming ruling
After the Supreme Court ruled that the PASPA provision prohibiting state authorization of organized sports gambling violates the tenth amendment, Jefferies analyst David Katz reiterated his view on which companies are positioned to be key beneficiaries of the decision. He continues to identify Penn National (PENN) and Caesars (CSR) as among the top winners in terms of casino operators, followed by Eldorado Resorts (ERI), Churchill Downs (CHDN), Boyd Gaming (BYD), Monarch Casino (MCRI), and MGM Resorts (MGM). He also sees "location-agnostic" suppliers Scientific Games (SGMS) and International Game (IGT) as winners, Katz tells investors.
05/07/18
JEFF
05/07/18
NO CHANGE
Target $43
JEFF
Buy
MGM analyst meeting should move shares higher, says Jefferies
Jefferies analyst David Katz expects shares of MGM Resorts to react positively to Thursday's analyst meeting. The analyst thinks the presentation will focus on growth and capital allocation. He reiterates a Buy rating on MGM with a $43 price target.
04/26/18
JEFF
04/26/18
NO CHANGE
JEFF
Buy
MGM Resorts pullback a buying opportunity, says Jefferies
Jefferies analyst David Katz views the post-earnings pullback in shares of MGM Resorts as a buying opportunity. The analyst views the report as a neutral for the stock given the pressure in Las Vegas.
04/23/18
SUSQ
04/23/18
UPGRADE
SUSQ
Positive
MGM Resorts upgraded to Positive from Neutral at Susquehanna
CZR Caesars
$13.15

0.45 (3.54%)

04/13/18
JEFF
04/13/18
NO CHANGE
JEFF
Jefferies sees opportunity in smid-cap casino stocks after selloff
The recent selloff in smid-cap casino stocks has been driven by the impact of severe weather in the regional markets as well as a challenging quarter in Las Vegas, Jefferies analyst David Katz tells investors in a research note. Following the release of positive March gross gaming revenue from several important regional markets, the context for the quarter is more positive, Katz adds. He believes the share selloff is overdone and presents opportunities in Caesars (CZR) and Penn National Gaming (PENN), among others.
04/05/18
NOMU
04/05/18
NO CHANGE
Target $15
NOMU
Buy
Nomura sees 'several' positive catalysts to reverse Caesars sentiment
Nomura Instinet analyst Harry Curtis sees "several" positive catalysts that could reverse the negative sentiment on shares of Caesars. These include Q2 RevPAR strength in Las Vegas, which is being underappreciated by investors, Curtis tells investors in a research note. He notes the stock has 36% upside potential to his $15 price target along with a 13% free cash flow yield on 2019 estimates. Curtis keeps a Buy rating on Caesars.
03/07/18
NOMU
03/07/18
UPGRADE
NOMU
Buy
Caesars upgraded to Buy from Neutral at Nomura Instinet

TODAY'S FREE FLY STORIES

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General news
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PSTG

Pure Storage

$22.00

0.2 (0.92%)

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Options
Pure Storage options imply 10.8% move in share price post-earnings, above median historical move »

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CASY

Casey's General Stores

$116.05

1.33 (1.16%)

15:01
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Conference/Events
Casey's General Stores management to meet with Jefferies »

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RIGL

Rigel Pharmaceuticals

$2.67

0.08 (3.09%)

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EA

Electronic Arts

$127.21

-0.47 (-0.37%)

15:00
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08/21
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15:00
Options
Electronic Arts attracts a bullish option play »

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URBN

Urban Outfitters

$47.40

-0.12 (-0.25%)

14:49
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14:49
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14:49
Options
Urban Outfitters options imply 12.9% move in share price post-earnings, above median historical move »

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  • 21

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SFIX

Stitch Fix

$34.77

1.92 (5.84%)

14:45
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Options
Stitch Fix call volume above normal and directionally bullish »

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  • 21

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ATVI

Activision Blizzard

$69.63

0.7 (1.02%)

14:40
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Periodicals
Breaking Periodicals news story on Activision Blizzard »

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NURO

NeuroMetrix

$1.26

0.04 (3.28%)

, GSK

GlaxoSmithKline

$41.57

0.25 (0.61%)

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Hot Stocks
NeuroMetrix receives $3.8M milestone payment under its pact with GSK »

NeuroMetrix (NURO)…

NURO

NeuroMetrix

$1.26

0.04 (3.28%)

GSK

GlaxoSmithKline

$41.57

0.25 (0.61%)

03/08/13
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  • 25

    Aug

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14:30
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General news
Canada Retail Sales Preview »

Canada Retail Sales…

14:25
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Treasury Option Action: more bond positioning »

Treasury Option Action:…

MDT

Medtronic

$95.02

4.96 (5.51%)

14:20
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08/21
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Recommendations
Medtronic analyst commentary  »

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  • 21

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  • 05

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MS

Morgan Stanley

$48.75

0.48 (0.99%)

14:20
08/21/18
08/21
14:20
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14:20
Options
Mega option block in Morgan Stanley »

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  • 12

    Sep

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
08/21/18
08/21
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Technical Analysis
NASDAQ market internals summary »

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RIGL

Rigel Pharmaceuticals

$2.65

0.06 (2.32%)

14:16
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08/21
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Hot Stocks
Rigel CEO says impact of any Trump policy still unclear »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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08/21
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Technical Analysis
NYSE market internals summary »

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NFLX

Netflix

$339.67

11.92 (3.64%)

, AAPL

Apple

$216.73

1.25 (0.58%)

14:07
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Periodicals
Netflix testing how to bypass iTunes billing in 33 countries, TechCrunch says »

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NFLX

Netflix

$339.67

11.92 (3.64%)

AAPL

Apple

$216.73

1.25 (0.58%)

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  • 21

    Aug

UAL

United Continental

$86.00

0.765 (0.90%)

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Periodicals
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  • 06

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APO

Apollo Global

$34.44

0.22 (0.64%)

, BX

Blackstone

$36.48

-0.32 (-0.87%)

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Periodicals
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APO

Apollo Global

$34.44

0.22 (0.64%)

BX

Blackstone

$36.48

-0.32 (-0.87%)

NXST

Nexstar

$80.25

1.05 (1.33%)

TRCO

Tribune Media

$35.98

0.91 (2.59%)

SBGI

Sinclair Broadcast

$29.30

0.55 (1.91%)

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UAL

United Continental

$86.32

1.085 (1.27%)

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Options
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  • 06

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RIGL

Rigel Pharmaceuticals

$2.66

0.07 (2.70%)

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JCI

Johnson Controls

$39.84

1.11 (2.87%)

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SPY

SPDR S&P 500 ETF Trust

$287.20

1.52 (0.53%)

, SPX

S&P 500

$0.00

(0.00%)

13:46
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Periodicals
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SPY

SPDR S&P 500 ETF Trust

$287.20

1.52 (0.53%)

SPX

S&P 500

$0.00

(0.00%)

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GME

GameStop

$16.35

0.5 (3.15%)

13:45
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08/21
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Options
GameStop call volume above normal and directionally bullish »

Bullish option flow…

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13:40
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General news
FOMC minutes preview: »

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