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BMO Capital Cuts Estimates for Wynn Resorts after Weak Q2 in Macau (WYNN)

By Dividend.com,  July 03, 2012, 09:01:55 AM EDT

Casino operator Wynn Resorts, Limited ( WYNN ) on Tuesday caught some tepid commentary from analysts at BMO Capital Markets.

The firm maintained its "Outperform" rating and $155 price target on WYNN, which suggests a 52% upside to the stock's Monday closing price of $102.15.

BMO Capital cut its earnings estimates for the company, however, citing weak second quarter performance at Wynn's resorts in Macau.

Wynn shares were unchanged in premarket trading Tuesday.

The Bottom Line
Wynn Resorts currently offers a $1.96% dividend yield, based on last night's closing price of $102.15 and the company's annualized dividend payout of $2 per share.

Wynn Resorts, Limited ( WYNN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: WYNN



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