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Morgan Stanley Sticks to Their Buy Rating for Wynn Resorts (WYNN)

Tipranks - Tipranks - Wed Jan 28, 6:08AM CST

Morgan Stanley analyst Stephen Grambling reiterated a Buy rating on Wynn Resorts today and set a price target of $139.00.

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Grambling covers the Consumer Cyclical sector, focusing on stocks such as Harley-Davidson, Wynn Resorts, and Planet Fitness. According to TipRanks, Grambling has an average return of 7.5% and a 62.04% success rate on recommended stocks.

In addition to Morgan Stanley, Wynn Resorts also received a Buy from J.P. Morgan’s Daniel Politzer in a report issued on January 23. However, on January 15, TipRanks – Google reiterated a Hold rating on Wynn Resorts (NASDAQ: WYNN).

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Based on Wynn Resorts’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.83 billion and a net profit of $88.34 million. In comparison, last year the company earned a revenue of $1.69 billion and had a GAAP net loss of $32.05 million

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