(Updated - March 7, 2016 8:09 AM EST)
UBS upgraded Wynn Resorts (NASDAQ: WYNN) from Neutral to Buy with a price target of $95. Analyst Robin M. Farley pointed out that Macau GGR trends are stabilizing and she thinks investors should step up now or be constructive on a pullback.
Wynn Macau Ltd. Unsponsored ADR (US OTC:WYNMY) March 6, 2016 $12.535 2.77 %
shorts should cover right now
Macau sector lifted by Morgan Stanley optimism
Jan 11 2016, 12:57 ET | By: Clark Schultz, SA News Editor [Contact this editor with comments or a news tip]
The Macau gaming stocks are higher after Morgan Stanley cited mass revenue stabilization trends in moving off of a cautious view on the sector.
The investment firm sees a 4% Macau revenue gain for 2016 after a long streak of declining growth.