Wynn Macau downgraded to Neutral from Buy at Citi
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2025
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Source: Business Insider
Analyst Downgrade: Citi analyst George Choi downgraded Wynn Macau from Buy to Neutral with a reduced price target of HK$5.55 due to lower than expected gaming revenue and the impact of U.S. tariffs on gaming demand in Macau.
Market Outlook: The negative effects on gaming demand are anticipated to persist throughout most of the first half of 2025, leading to downgrades for three other Macau gaming companies as well.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
