Analysts have been eager to weigh in on the Services sector with new ratings on Wynn Resorts (WYNN) and Wendy’s (WEN).
Wynn Resorts (WYNN)
In a report released today, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Wynn Resorts, with a price target of $72.00. The company’s shares closed last Thursday at $52.67, close to its 52-week low of $35.85.
According to TipRanks.com, Santarelli is a 3-star analyst with an average return of 0.2% and a 53.2% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Marriott International.
Currently, the analyst consensus on Wynn Resorts is a Moderate Buy with an average price target of $142.33, representing a 167.9% upside. In a report issued on March 24, J.P. Morgan also maintained a Buy rating on the stock with a $93.00 price target.
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Wendy’s (WEN)
Wendy’s received a Hold rating and a $16.00 price target from Deutsche Bank analyst Brian Mullan today. The company’s shares closed last Thursday at $13.35.
According to TipRanks.com, Mullan is a 1-star analyst with an average return of -17.3% and a 36.4% success rate. Mullan covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Carrols Restaurant Group.
Currently, the analyst consensus on Wendy’s is a Moderate Buy with an average price target of $21.00, implying a 52.7% upside from current levels. In a report issued on March 27, Credit Suisse also assigned a Hold rating to the stock with a $18.00 price target.
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