Rating To Observe: HSBC Securities Reports Upgrade of Wynn Macau (NYSE:WYNMF) from “Reduce” to “Hold” Rating

November 28, 2016 - By Clifton Ray

Rating To Observe:  HSBC Securities Reports Upgrade of Wynn Macau (NYSE:WYNMF) from

Wynn Macau (NYSE:WYNMF) Upgrade

HSBC Securities gave Wynn Macau (NYSE:WYNMF) shares a new “Hold” rating in a a note made public on 28 November. This is raise from the old “Reduce” rating.

WYNN MACAU LTD HKD0.001 (OTCMKTS:WYNMF) Ratings Coverage

Out of 2 analysts covering Wynn Macau (NYSE:WYNMF), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Wynn Macau has been the topic of 2 analyst reports since October 19, 2015 according to StockzIntelligence Inc. The rating was downgraded by Credit Suisse on Friday, September 23 to “Underperform”. The firm has “Hold” rating by Jefferies given on Monday, October 19.

About 20,999 shares traded hands or 41.50% up from the average. WYNN MACAU LTD HKD0.001 (NYSE:WYNMF) has risen 22.07% since April 25, 2016 and is uptrending. It has outperformed by 16.05% the S&P500.

According to Zacks Investment Research, “Wynn Macau, Limited owns and operates Wynn Macau, a destination casino gaming and entertainment resort in Macau. It has hotel rooms and suites, a casino, casual and fine dining restaurants, retail space and leisure amenities. Wynn Macau, Limited is headquartered in Macau City, Macau.”

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