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WYNN

Wynn Resorts

$152.94

3.76 (2.52%)

07:31
08/07/18
08/07
07:31
08/07/18
07:31

Wynn Resorts downgraded to Hold from Buy at Argus

  • 13

    Aug

WYNN Wynn Resorts
$152.94

3.76 (2.52%)

07/10/18
07/10/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. STIFEL UPGRADES WYNN TO BUY: Stifel analyst Steven Wieczynski upgraded Wynn Resorts (WYNN) to Buy from Hold, as he believes the pullback in the stock recently has created a compelling opportunity. While acknowledging his upgrade "might be a bit early," Wieczynski argues that he would rather be early than late "given the volatility of swings in Macau related stocks." Wynn is up 2.7% in midday trading. BARCLAYS OPTIMISTIC ON UNDER ARMOUR'S Q2 RESULTS: Barclays analyst Matthew McClintock said Under Armour (UAA) appears well positioned to meet or exceed guidance for Q2. The analyst, however, questioned if that is enough to make the stock work with the shares up 54% year-to-date. Even if Under Armour beats, the recent stock price appreciation likely limits upside in the stock from here, McClintock told investors. McClintock has an Overweight rating on Under Armour with a $20 price target, below the stock's current levels. MIZUHO CUTS CHIPOTLE TO UNDERPERFORM: Mizuho analyst Jeremy Scott downgraded Chipotle Mexican Grill (CMG) to Underperform while raising his price target for the shares to $330 from $300. After an 80% rally since the new CEO appointment, Chipotle shares currently price in an "aggressive recovery" in both comps and margins, Scott told investors in a research note. The analyst does not see "clear catalysts that can justify significant earnings upside." As such, he recommended investors "reduce their risk." EBAY DOWNGRADED AFTER SCOTUS RULING: SunTrust analyst Youssef Squali downgraded eBay (EBAY) to Hold from Buy and lowered his price target to $40 from $48, citing the anticipated impact of the recent U.S. Supreme Court decision that forces collection of online sales tax on a state level and reverses the 1992 e-commerce precedent. Squali added that eBay's more positive developments around Payments, StubHub and buybacks can limit the downside on the stock. SQUARE DOWNGRADED TO 'HOLD' EQUIVALENT RATINGS BY TWO FIRMS: Jefferies analyst John Hecht downgraded Square (SQ) to Hold from Buy after assuming coverage of the name. The analyst said he sees "broadly positive fundamentals" for the company, but believes the shares are fairly valued at current levels. Oppenheimer analyst Glenn Greene downgraded Square to Perform from Outperform after assuming coverage of the name. While the analyst is optimistic that Square's "robust growth will persist," he estimated that greater than 30% and 55% of annual revenue and EBITDA growth are priced into the shares. As such, he sees "meaningful risk if growth moderates or execution falters." Square is down over 1% in midday trading.
07/20/18
MSCO
07/20/18
NO CHANGE
MSCO
MGM Resorts forecast lowered at Morgan Stanley to account for Macau share loss
Morgan Stanley analyst Thomas Allen, in his preview of Q2 results for the Gaming names he covers, noted that Macau GGR increased 17% in Q2, which was above his estimate of 16% growth. He also said he expects Las Vegas has had a "relatively good" quarter, noting RevPAR in April-May was up 6% and June has a "relatively easy" comparison. Allen lowered his Q2 consolidated property EBITDA estimate for MGM Resorts (MGM) by 2%, factoring in more share loss at the Peninsula property and worse hold as well as lower MGM Cotai EBITDA, and he lowered his price target on MGM to $38 from $39. He raised his Q2 consolidated property EBITDA estimate for Las Vegas Sands (LVS) by 1% and keeps an $86 price target on the stock. He raised his Q2 property EBITDA view for Wynn (WYNN) by 3% and keeps a $200 price target on its shares. Allen has Overweight ratings on Las Vegas Sands and MGM and an Equal Weight rating on Wynn Resorts.
08/02/18
STFL
08/02/18
NO CHANGE
Target $192
STFL
Buy
Wynn Resorts Q2 report was 'an anomaly,' says Stifel
Stifel analyst Steven Wieczynski said he cannot say he is surprised by Wynn Resorts' Q2 operating results, noting that he'd previously warned the company was at risk of ceding share in Macau's lower-margin VIP market segment. However, "one quarter does not a trend make," said Wieczynski, who views the Q2 report as "an anomaly," pointing to the company's encouraging comments about Macau trends through July as evidence. Despite the somewhat discouraging Q2 performance, his constructive thesis remains intact and he maintains a Buy rating, but with a reduced price target of $192 from $207.
08/02/18
SUSQ
08/02/18
NO CHANGE
Target $187
SUSQ
Positive
Wynn Resorts Q2 miss appears temporary, says Susquehanna
Susquehanna analyst Rachael Rothman noted Wynn Resorts Q2 shortfall, but she continues to recommend the shares as the challenges appear short -term in nature and she expects infrastructure improvements and property enhancements to lift the shares over time. Rothman reiterated her Positive rating and lowered her price target to $187 from $204 on Wynn Resorts shares.

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