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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

17:58
09/18/18
09/18
17:58
09/18/18
17:58

Wynn sued over allegations of rigging Boston casino bid, Bloomberg says

Wynn Resorts and former CEO Steve Wynn are being sued by Massachusetts racetrack operator Sterling Suffolk Racecourse for allegedly rigging the application process to win a license to run the Boston area's only casino, Bloomberg reports. In the suit, Sterling alleges that construction of the casino at its Suffolk Downs location would have increased the value of the racetrack location, the report says. The racetrack operator accused Wynn of violations of the federal Racketeer Influenced Corrupt Organization Act and seeks over $1B in damages, the report notes. Reference Link

WYNN Wynn Resorts
$132.97

0.56 (0.42%)

09/10/18
JPMS
09/10/18
NO CHANGE
Target $191
JPMS
Overweight
JPMorgan sees 'considerable amount of value' in Wynn Resorts shares
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.
09/10/18
NOMU
09/10/18
NO CHANGE
NOMU
Nomura sees attractive risk/rewards among Macau gaming stocks
Since early June, the Macau gaming stock prices have fallen 20%-30%, with much of the decline over the last five trading days, Nomura Instinet analyst Harry Curtis tells investors in a research note titled with a Billy Ray Valentine quote: "'They're Panicking Out There.'" The group is down to multiples last seen in 2015 when VIP revenues compressed 40%, the analyst points out. He believes the group's risk/reward profiles are as attractive as it was three years ago. Positive comments about gross gaming revenue trends made on Q2 earnings calls "HAVE NOT deteriorated," writes Curtis. He believes Macau gaming stocks should be bought at these levels, especially Melco Resorts & Entertainment (MLCO), MGM Resorts (MGM) and Wynn Resorts (WYNN).
09/10/18
09/10/18
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. ANALYSTS SEE VALUE IN WYNN FOLLOWING PULLBACK: JPMorgan analyst Joseph Greff argued that there is a disconnect between Wynn Resorts' (WYNN) current operating fundamentals and investor sentiment, viewing the recent sector pullback as a buying opportunity. He kept an Overweight rating on Wynn Resorts with a $191 price target. Sharing a similar opinion, Carlo Santarelli at Deutsche Bank said that he would be a buyer of the stock given current valuation and as conditions in Macau remain stable in both the VIP and mass segments. He kept a Buy rating on Wynn Resorts with a $190 price target. AKAMAI UPGRADED TO BUY: DA Davidson analyst Mark Kelleher upgraded Akamai (AKAM) to Buy from Neutral and raised his price target to $93 from $80 after meeting with its management last week to discuss its Q2 results and the company direction going into 2019. The analyst notes that the discussions boosted his confidence in the company's strategic direction as it executes in a transition to a security vendor, saying the company supported by the "enhanced demand" for its security products over the last few quarters. Kelleher further cites the abating headwinds in the company's media segment, which returned to growth after struggling for the past few quarters. CITI DOWNGRADES ANTHEM, UNITEDHEALTH: Citi analyst Ralph Giacobbe downgraded Anthem (ANTM) and UnitedHealth (UNH) to Neutral with unchanged price targets of $290, and $288, respectively. The analyst is taking a more selective view of the managed care sector into year-end and 2019, citing "some reservations" about the commercial risk market. He sees more limited upside to estimates making it difficult to push valuations meaningfully higher "from already-premium levels." SUNTRUST CUTS CONSTELLATION BRANDS TO HOLD: SunTrust analyst William Chappell downgraded Constellation Brands (STZ) to Hold from Buy and lowered his price target to $220 from $260 while also lowering his FY19 EPS view to $9.35 from $9.59 and FY20 to $10.45 from $10.95. The analyst noted that the company's recent $4B investment in Canopy Growth (CGC) may "keep a cloud" over the stock for the next few quarters, as there is "little certainty" in the deal's revenue or profit potential. Chappell adds that the cannabis business generally has "limited near term catalysts", stating that the stock price may be range bound for an extended time as investors adjust to Constellation Brands' higher leverage ratio. BAIRD DESIGNATES TESLA A FRESH PICK: Baird analyst Ben Kallo designated Tesla (TSLA) as a Fresh Pick as he believes the company's strong fundamentals should drive the shares higher. He said the underlying ramp in Model 3 production will also help push the shares higher ahead of the Q3 deliveries and results. Kallo reiterated his Outperform rating and $411 price target on Tesla shares.
09/14/18
NOMU
09/14/18
NO CHANGE
NOMU
Nomura sees 'vastly different' picture in Macau than stock selloff suggests
Nomura Instinet analyst Harry Curtis says his latest conversations with Macau operators Melco Resorts & Entertainment (MLCO), MGM Resorts (MGM) and Wynn Resorts (WYNN) paint a picture that is "vastly different" from the recent share selloff in the space. The analyst believes quarter-to-date trends through early September "remain strong." Operators have not seen any incremental weakness since reporting Q2 results, Curtis tells investors in a research note. Further, based on recent checks and conversations with management, he believes the strength that Wynn Resorts was seeing when it reported Q2 earnings on August 1 has not deteriorated. The analyst keeps a Buy rating on all three companies.

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Celanese

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XLE

Energy Select Sector SPDR

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Week ending ETF Scorecard: Staples, Real Estate, Utilities lead rebound »

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INSW

International Seaways

$21.51

0.41 (1.94%)

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MNR

Monmouth Real Estate

$15.49

0.08 (0.52%)

17:48
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Monmouth Real Estate acquires industrial building in New Jersey for $85.25M »

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TEUM

Pareteum

$2.47

-0.07 (-2.76%)

17:38
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17:38
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Syndicate
Breaking Syndicate news story on Pareteum »

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TEUM

Pareteum

$2.47

-0.07 (-2.76%)

17:36
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Syndicate
Breaking Syndicate news story on Pareteum »

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NOC

Northrop Grumman

$307.77

-0.445 (-0.14%)

, LMT

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$328.22

0.21 (0.06%)

17:33
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Periodicals
Trump to meet CEOs of Boeing, Lockheed Martin, General Dynamics, Reuters reports »

President Donald Trump…

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GD

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ISR

IsoRay

$0.50

0.0191 (3.98%)

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NHS

Neuberger Berman High Yield Strategies Fd

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BIOC

Biocept

$2.27

-0.04 (-1.73%)

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AZO

AutoZone

$726.10

-4.09 (-0.56%)

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AutoZone founder Hyde will not stand for board re-election »

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SACH

Sachem Capital

$4.33

0.02 (0.46%)

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MRTX

Mirati Therapeutics

$40.04

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  • 19

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SPNE

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$16.58

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EPZM

Epizyme

$8.76

-0.04 (-0.45%)

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EWI

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$25.52

0.38 (1.51%)

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$276.21

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Breaking General news story on MSCI Italy Index, SPDR S&P 500 ETF Trust, S&P 500 »

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ASTC

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CTMX

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$15.43

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ICLK

iClick Interactive Asia

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TGLS

Tecnoglass

$9.72

(0.00%)

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Options
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OXM

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$81.36

-1.68 (-2.02%)

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Oxford Industries management to meet with Sidoti »

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