Citi raised its target price for WYNN MACAU due to the company's disciplined reinvestment strategy, which improved its property EBITDA margin. The bank is optimistic about the new capital expenditure project, 'The Enclave', a hotel that is expected to enhance long-term competitiveness and generate significant additional EBITDA. Despite slightly missing 1Q earnings expectations, Citi maintains a Buy rating based on the potential of the new project and overall market trends.
