rushing to oblige ahead<\/a> of the 2022 license renewal process and those moves could result in increased, non-gaming tourism to Macau.<\/p>\n\u201cAdditionally, we expect upcoming developments that add attractions and improve Macau’s accessibility will improve the destination’s brand, supporting our constructive long-term view on Macau,\u201d said Wasiolek. \u201cWith Wynn holding one of only six gaming licenses, it stands to benefit from this growth.\u201d<\/p>\n
Good Deal<\/h2>\n
At this writing, shares of Wynn trade just over $110, a far cry from the average analyst price target of around $137, and well below Morningstar’s fair value estimate of $164<\/strong>. The research firm does not expect to \u201cmaterially change\u201d that forecast.<\/p>\nWynn trades at about 18x forward earnings, a discount to the 25.19x on shares of rival MGM Resorts.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares of Wynn Resorts, Ltd. (NASDAQ:WYNN) are lower by 20 percent this month. But one analyst sees the casino operator as significantly undervalued, even as geopolitical headwinds in the Asia-Pacific region weigh on the stock. That month-to-date loss of 20 percent is, by definition, a bear market for Wynn stock, and investors have been ditching […]<\/p>\n","protected":false},"author":46,"featured_media":112065,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[],"acf":[],"yoast_head":"\n
Wynn Resorts Stock is Battered, but It's Also Cheap<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n