06:51 WYNN Wynn Resorts profiled in Inside Wall Street - BusinessWeek Online (95.00 )
BusinessWeek Online reports some see an opportunity in Wynn Resorts (WYNN) based on results in Las Vegas and Macau which show that Wynn has established itself as the "premium high-end casino brand," says Robert LaFleur of Susquehanna Financial Group, who rates the stock a buy. It could trade upwards of 145 in the next 12 to 18 months, says LaFleur, who sees profits of $2.97 a share in 2008 and $3.32 in 2009. "Wynn is a pure play on global upscale gaming," he says. Dominic Silva of Value Line notes high-roller VIPs generated 60% of operating income in Macau. In Vegas, operations will perform well despite the slow economy, he adds.