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WYNN

Wynn Resorts

$152.94

3.76 (2.52%)

08:06
08/07/18
08/07
08:06
08/07/18
08:06

Wynn Resorts downgraded to Hold at Argus on Macau revenue concerns

As reported earlier, Argus analyst John Staszak downgraded Wynn Resorts to Hold after its Q2 earnings miss, saying the gross gaming revenue in Macau has now missed consensus forecasts for the months of June and July. The analyst adds that he is worried about potential cannibalization of Wynn Macau by Wynn Palace, the impact of China government's money laundering efforts, and a casino smoking ban, along with rising compensation costs pressuring margins. As part of his research note, Staszak also lowers his FY18 EPS forecast on Wynn to $7.40 from $8.10 and FY19 forecast to $9.10 from $9.50.

  • 13

    Aug

WYNN Wynn Resorts
$152.94

3.76 (2.52%)

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.
08/07/18
ARGS
08/07/18
DOWNGRADE
ARGS
Hold
Wynn Resorts downgraded to Hold from Buy at Argus

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CTU

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    Sep

BPY

Brookfield Property

$19.90

-0.19 (-0.95%)

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Brookfield Property put volume heavy and directionally bearish »

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  • 21

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VERI

Veritone

$11.25

-0.16 (-1.40%)

15:55
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Conference/Events
Veritone to hold a conference call »

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  • 20

    Aug

CBS

CBS

$53.67

0.45 (0.85%)

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Court revives copyright suit against CBS over pre-1972 recordings, Reuters says »

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TSLA

Tesla

$304.35

-0.98 (-0.32%)

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Some Tesla suppliers worry about getting paid, WSJ reports »

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  • 29

    Oct

FIT

Fitbit

$6.02

0.315 (5.52%)

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  • 12

    Sep

NDSN

Nordson

$134.72

-0.07 (-0.05%)

15:34
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Options
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  • 21

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GOOG

Alphabet

$1,207.00

7.21 (0.60%)

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Alphabet Class A

$1,222.10

6.6 (0.54%)

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$1,207.00

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$1,222.10

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IMAX

Imax

$22.80

0.4 (1.79%)

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STAA

STAAR Surgical

$42.05

1.1 (2.69%)

15:24
08/20/18
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Conference/Events
STAAR Surgical management to meet with William Blair »

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  • 20

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SRI

Stoneridge

$32.61

0.39 (1.21%)

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Stoneridge appoints Laurent Borne as Chief Technology Officer »

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  • 18

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DVA

DaVita

$72.44

-0.05 (-0.07%)

15:22
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DaVita management to meet with William Blair »

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  • 22

    Aug

ALTR

Altair

$40.63

0.4 (0.99%)

15:20
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Conference/Events
Altair management to meet with William Blair »

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  • 21

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CBOE

Cboe Global Markets

$98.72

2.96 (3.09%)

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FANH

Fanhua

$25.76

0.53 (2.10%)

15:19
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Options
Fanhua options imply 7.4% move in share price post-earnings, above median historical move »

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  • 20

    Aug

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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NYSE market internals summary »

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XRAY

Dentsply Sirona

$38.84

0.17 (0.44%)

15:12
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15:12
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Conference/Events
Dentsply Sirona management to meet with William Blair »

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  • 21

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  • 06

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STZ

Constellation Brands, also tag STZ.B

$202.74

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15:11
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  • 28

    Oct

LCI

Lannett

$5.43

-8.075 (-59.81%)

, AMRX

Amneal Pharmaceuticals

$23.86

2.33 (10.82%)

15:08
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Recommendations
Lannett, Amneal Pharmaceuticals analyst commentary  »

Lannett price target…

LCI

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$5.43

-8.075 (-59.81%)

AMRX

Amneal Pharmaceuticals

$23.86

2.33 (10.82%)

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15:05
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General news
Treasury Closing Summary: »

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