Morgan Stanley Forecasts Wynn Macau Shares to Outperform Market in the Next 60 Days

Stock News08-05 17:05

Morgan Stanley has released a research report predicting that Wynn Macau (01128) shares will outperform the broader market index over the next 60 days.

According to the investment bank, Wynn Macau's second-quarter property EBITDA exceeded market expectations by 6%. The company's annualized corporate EBITDA for the first half of the year stood at $1.042 billion, which represents 103% of the 2026 market consensus forecast.

Considering the positive seasonal factors in the second half of the year and potential upside for earnings, Morgan Stanley believes Wynn Macau's current valuation is attractive. The firm maintains an "Overweight" rating on the stock with a target price of 6.1 Hong Kong dollars. Morgan Stanley estimates the probability of this share price scenario occurring is approximately 80% or higher.

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