Post by Blitz on May 28, 2024 6:54:08 GMT -5
By SouthEastAsia :
If anyone's eyeing Wynn, here is the beginning of some of my notes:
WYNN Catalysts
Hudson Yards West to include a gaming resort and hotel, called Wynn New York City, which would include dining options, bars, spas, and lounges. see 3/14/2024. Waiting gaming board approval/denial.
Apparent thematic orientation of market, so if "China low is in" as demonstrated by BABA, FXI moving up, WYNN should follow.
$4 billion UAE hotel Wynn Al Marjan, architectural landmark, views of the Arabian Gulf, casino around 18,500 sq m in size, one of largest in world.
5/7/2024 - Wynn Al Marjan set to open in early 2027, is a collaborative effort between Wynn Resorts and and two local partners in the UAE. (Looks to me like Wynn is a 1/4 partner. Two partners are state operated enterprises.)
5/17/2024 - China "recovery" - Beijing removes floor on mortgages rates, lowers downpayment while PBOC readies $42 billion of funding to buy unsold homes.
5/7/2024 - Construction of Wynn Al Marjan in the UAE is progressing well, with significant advances expected to be reported later in the year.
Macau improvements/CapEx' - started initial demolition and construction on its second concession project, the Destination Food Hall. In the design and planning stages for a new event and entertainment center with a unique theater and show.
Projects require various government approvals, leading to a wide range of potential CapEx outcomes in the near term. Estimates CapEx to range between $350 million and $500 million from 2024 through 2025-end.
5/23/2024 - Argus Research analyst John Staszak upgrades Wynn Resorts (NASDAQ:WYNN) from Hold to Buy and announces $110 price target.
5/09/2024 - HSBC Adjusts Price Target on Wynn Resorts to $127 From $119 - MT Newswires
Morgan Stanley Adjusts Price Target on Wynn Resorts to $115 From $114 - MT Newswires
5/08/2024
- Barclays analyst Brandt Montour maintains Wynn Resorts (NASDAQ:WYNN) with a Overweight and raises the price target from $124 to $128.
- Macquarie Adjusts Wynn Resorts Price Target to $130 From $128 - MT Newswires
- Citigroup Adjusts Price Target on Wynn Resorts to $138 From $132 - MT Newswires
- Jefferies Adjusts Price Target on Wynn Resorts to $111 From $122 - MT Newswires
- Stifel Adjusts Price Target on Wynn Resorts to $138 From $135 - MT Newswires
- Wells Fargo Adjusts Price Target on Wynn Resorts to $128 From $125 - MT Newswires
- JPMorgan Adjusts Price Target on Wynn Resorts to $122 From $123 - MT Newswires
If anyone's eyeing Wynn, here is the beginning of some of my notes:
WYNN Catalysts
Hudson Yards West to include a gaming resort and hotel, called Wynn New York City, which would include dining options, bars, spas, and lounges. see 3/14/2024. Waiting gaming board approval/denial.
Apparent thematic orientation of market, so if "China low is in" as demonstrated by BABA, FXI moving up, WYNN should follow.
$4 billion UAE hotel Wynn Al Marjan, architectural landmark, views of the Arabian Gulf, casino around 18,500 sq m in size, one of largest in world.
5/7/2024 - Wynn Al Marjan set to open in early 2027, is a collaborative effort between Wynn Resorts and and two local partners in the UAE. (Looks to me like Wynn is a 1/4 partner. Two partners are state operated enterprises.)
5/17/2024 - China "recovery" - Beijing removes floor on mortgages rates, lowers downpayment while PBOC readies $42 billion of funding to buy unsold homes.
5/7/2024 - Construction of Wynn Al Marjan in the UAE is progressing well, with significant advances expected to be reported later in the year.
Macau improvements/CapEx' - started initial demolition and construction on its second concession project, the Destination Food Hall. In the design and planning stages for a new event and entertainment center with a unique theater and show.
Projects require various government approvals, leading to a wide range of potential CapEx outcomes in the near term. Estimates CapEx to range between $350 million and $500 million from 2024 through 2025-end.
5/23/2024 - Argus Research analyst John Staszak upgrades Wynn Resorts (NASDAQ:WYNN) from Hold to Buy and announces $110 price target.
5/09/2024 - HSBC Adjusts Price Target on Wynn Resorts to $127 From $119 - MT Newswires
Morgan Stanley Adjusts Price Target on Wynn Resorts to $115 From $114 - MT Newswires
5/08/2024
- Barclays analyst Brandt Montour maintains Wynn Resorts (NASDAQ:WYNN) with a Overweight and raises the price target from $124 to $128.
- Macquarie Adjusts Wynn Resorts Price Target to $130 From $128 - MT Newswires
- Citigroup Adjusts Price Target on Wynn Resorts to $138 From $132 - MT Newswires
- Jefferies Adjusts Price Target on Wynn Resorts to $111 From $122 - MT Newswires
- Stifel Adjusts Price Target on Wynn Resorts to $138 From $135 - MT Newswires
- Wells Fargo Adjusts Price Target on Wynn Resorts to $128 From $125 - MT Newswires
- JPMorgan Adjusts Price Target on Wynn Resorts to $122 From $123 - MT Newswires