Wynn Resorts Upgraded to “Overweight” at JPMorgan (WYNN)

Hotel/casino operator Wynn Resorts, Limited ( WYNN ) on Thursday saw its rating and price target boosted by analysts at JPMorgan. The firm said it upgraded WYNN from “Neutral” to “Overweight,” and raised its price target from $115 to $118. That new target implies an 18% upside to the stock’s Wednesday closing price of $100.74. Wynn Resorts shares jumped $2.81, or +2.7%, in premarket trading Thursday. The Bottom Line Shares of Wynn Resorts ( WYNN ) have a .99% dividend yield, based on last night’s closing stock price of $100.74. The stock has technical support in the $95-$100 price area. If the shares can firm up, we see overhead resistance around the $109-$111 price levels. Wynn Resorts, Limited ( WYNN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Wynn Resorts Upgraded to “Overweight” at JPMorgan (WYNN)

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