UPDATE: Barclays Raises PT on Wynn Resorts on Positive Factors, Attractive Valuation

In a report published Wednesday, Barclays Capital analyst Felicia R. Hendrix reiterated an Overweight rating on Wynn Resorts Limited (NASDAQ: WYNN), and raised the price target from $150.00 to $176.00.

In the report, Barclays Capital noted, “While competition, capacity constraints and a market slowdown could limit near term growth, Wynn remains the most efficient operator in Macau, and boasts a strong balance sheet that has consistently been used to return shareholder value. These factors plus attractive valuation warrant our Overweight rating.”

Wynn Resorts Limited closed on Tuesday at $167.20.