Professional
Added to YB: 2024-09-27
Pitch date: 2024-09-27
WYNN [bullish]
Wynn Resorts, Limited
+19.84%
current return
Author Info
No bio for this author
Company Info
Wynn Resorts, Limited designs, develops, and operates integrated resorts. It operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor.
Market Cap
$11.8B
Pitch Price
$96.25
Price Target
104.00 (-10%)
Dividend
0.87%
EV/EBITDA
12.26
P/E
36.43
EV/Sales
2.98
Sector
Hotels, Restaurants and Leisure
Category
value
Morgan Stanley Upgrades Wynn Resorts: Attractive Valuation with $104 Price Target
WYNN: Morgan Stanley upgrades to Overweight, PT $104. Low valuation (8x NTM EV/EBITDA vs 12x pre-pandemic), UAE growth, Macau optionality. Catalysts: Vegas stability, UAE project details Oct 8, increased capital return. US 'stub' near lows at 9x EV/EBITDA vs 12.5x historical.
Read full article (1 min)