News Snapshot:
Wynn Resorts was upgraded to Buy from Hold based on expectations of a recovery in Las Vegas and Macau. Las Vegas-based Wynn Resorts (ticker: WYNN) lost an adjusted $19.18 a share last year, down from a profit of $2.61 in 2019 as the pandemic took a big toll on casino operators. Sales in 2020 dropped sharply to about $2.1 billion, versus $6.6 billion the previous year. There were signs of improvement later in the year versus earlier in the pandemic, and Argus Research is expecting better results in Las Vegas and at the company’s Boston property owing to “the rollout...
