12:25 PM EDT, 05/07/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We cut our 12-month price target by $24 to $89, based on 8.5x our 2025 adjusted EBITDAR estimate, lower than the company's three-year average EV/EBITDAR multiple of 10.9x. We lower our 2025 and 2026 EPS estimates by $1.50 to $4.50 and $2.00 to $4.50, respectively. WYNN posted normalized Q1 EPS of $1.07 vs. $1.59, $0.17 below consensus estimates on revenues of $1.70B vs. $1.86B, $36M below estimates. By property in Q1, Las Vegas revenues were -18% Y/Y, Boston -4%, Wynn Palace -9%, and Wynn Macau -20%. Management said the decline in Las Vegas was mainly due to the city hosting the Super Bowl in the prior year and the decline in Macau was negatively impacted by VIP holds. Adjusted property EBITDAR was -9% in Las Vegas and Boston, -20% at Wynn Palace, and -34% at Wynn Macau. The company repurchased $200M in shares during the quarter. We lower our opinion on slowdown concerns in Macau and lower U.S. consumer sentiment. We now expect declining revenues and earnings in 2025 and believe shares could be a value trap.