Morgan Stanley Downgrades Wynn Resorts Amid Concerns Over Macau's Market Growth

<!– (S) –> In a report issued Monday covering the Gaming & Lodging Industry, Morgan Stanley downgraded Wynn Resorts, Limited (NASDAQ: WYNN) from Overweight to Equal-Weight amid concerns over the Macau market. Morgan Stanley moreover lowered Wynn Resorts’ price target from $185 to $145. Analysts Thomas Allen, Mark Savino and Praveen Choudhary wrote, “While WYNN continues to present an attractive beautiful multi-year tale with its Cotai property opening mid-’16, the … Read the rest