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Wynn Resorts higher after business update

Published 03/08/2018, 07:32 AM
© Reuters.  Wynn Resorts higher after business update
WYNN
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  • Wynn Resorts (NASDAQ:WYNN) held a conference call last night during which it preannounced positive trends in Las Vegas and an EBITDA beat in Macau as part of its CEO update.
  • The company also raised its quarterly dividend payout rate to $0.75 per share.
  • A search at Wynn is already underway to replace the two board directors who stepped down.
  • Susquehanna analyst Rachael Rothman keeps a Positive rating on Wynn after factoring in the update. The firm's price target is trimmed to $211 from $214.
  • SEC Form 8-K
  • Shares of Wynn are up 3.85% premarket to $174.89.
  • Now read: By The Numbers: Quality Stocks For A Cheap Price


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