** Shares of casino operator Wynn Resorts WYNN.O up 1.42% at $90 in premarket trade
** Brokerage Jefferies raises WYNN stock rating to "buy" from "hold" in a note dated February 17
** Says "the development of Al Marjan Island (in UAE) and exposure to stable premium consumers as Macau recovers should be positive catalysts for shares"
** Raises PT to $118 from $105, implying a 32.9% upside to stock's last close
** Says "setup for WYNN is positive on the opening of its new project in early 2027 and the productivity of its current portfolio"
** WYNN beat analysts' estimates for fourth-quarter profit and revenue, last week on Thursday, driven by strong business in Las Vegas and other regional properties
** 6 of 19 brokerages rate the stock "buy" or higher, 11 "hold" and 2 "sell" or lower; their median PT is $113 - as per data compiled by LSEG
** In 2024, shares were down 5.4%
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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