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Wells Fargo Sticks to Its Buy Rating for Wynn Resorts (WYNN)

Tipranks - Tipranks - Fri Apr 17, 5:26AM CDT

In a report released yesterday, Trey Bowers from Wells Fargo maintained a Buy rating on Wynn Resorts, with a price target of $200.00. The company’s shares closed yesterday at $106.84.

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Bowers covers the Consumer Cyclical sector, focusing on stocks such as Carnival, Viking Holdings, and DraftKings. According to TipRanks, Bowers has an average return of -4.1% and a 36.54% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wynn Resorts with a $146.75 average price target, implying a 37.35% upside from current levels. In a report released yesterday, Barclays also assigned a Buy rating to the stock with a $143.00 price target.

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Based on Wynn Resorts’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.87 billion and a net profit of $100.03 million. In comparison, last year the company earned a revenue of $1.84 billion and had a net profit of $276.97 million

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