Wynn Resorts Shares Surge on Citigroup Upgrade
Update: 2025-11-24
Description
Wynn Resorts shares surged this week following Citigroups upgrade from neutral to buy, raising the price target from $124.50 to $160. The boost is attributed to Wynns ambitious projects, including the $5.1 billion Wynn Al Marjan Island resort, set to open in early 2027 with the UAEs first casino. Despite a slight settlement, the shares closed up 3.5%, reflecting market confidence in Wynns financial prospects. The company has seen strong performance this year, with shares up nearly 48% since January.
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