News Snapshot:
Wynn Resorts shares fell in a slumping broad market after a Morgan Stanley analyst cut his price target on the casino operator to $113 from $138 due to regulatory concern in Macau. Shares of the Las Vegas company at last check were down nearly 3.3% to $80.45. Dow Futures Tumble as China Evergrande, Growth Worries Rattle Global Stocks Morgan Stanley analyst Thomas Allen, who affirmed his overweight rating on the stock, said in a research note that "with Covid clusters continuing to pop up in China, we delay our expected meaningful Macau recovery from fourth-quarter 2021 to mid-2022. "[That's] a...
