Wynn Resorts (WYNN) PT Raised to $167 at Roth Capital

Roth Capital raised its price target on Wynn Resorts (NASDAQ: WYNN) to $167.00 (from $163.00) while maintaining a Buy rating.

One day after launching coverage with a $163 PT analyst David Bain comes back after the Q3 report which saw the company beat estimates on EBITDA. Bain raises his PT and defends his bullish view for the LT in Vegas noting no new supply until at least 2020, favorable macro environment, ongoing city-wide convention growth, record high visitation and professional sports franchises within the region to draw in patrons. The analyst raises EPS estimates and thus his PT.

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