A new report from Morgan Stanley indicates the firm expects shares of Wynn Macau (01128) to outperform the broader market index within the next 60 days.
According to the investment bank, Wynn Macau's property EBITDA for the second quarter came in 6% above market consensus. The company's annualized corporate EBITDA for the first half of the year reached USD 1.042 billion, equivalent to 103% of the 2026 market forecast.
The bank believes that Wynn Macau benefits from positive seasonal factors in the second half of the year, creating room for upward earnings revisions. Morgan Stanley views the stock's current valuation as attractive, maintaining its "Overweight" rating with a price target of HKD 6.1. The firm estimates that the probability of this share price scenario materializing is more than 80%.
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