CB Financial Services's 15min chart sees KDJ Golden Cross, Bullish Marubozu Pattern

The 15-minute chart for CB Financial Services recently triggered a KDJ Golden Cross, accompanied by a Bullish Marubozu formation on August 29th at 1:15pm. This indicates a shift in momentum towards the upside, suggesting a potential increase in stock price. The dominant presence of buyers in the market underscores the likelihood of continued bullish momentum.

UBS has significantly upgraded Wynn Resorts (WYNN) stock to a "Buy" rating from "Neutral," raising the price target from USD 101.00 to USD 147.00, a notable 45.54% increase [1]. This upgrade follows a trend of positive ratings adjustments from several analysts over recent weeks. Morgan Stanley maintained its "Overweight" rating and increased the price target from USD 111.00 to USD 113.00 [1]. Mizuho maintained its "Outperform" rating and raised the price target from USD 122.00 to USD 126.00 [1]. Jefferies sustained its "Buy" rating while enhancing the price target from USD 130.00 to USD 133.00 [1]. Macquarie continued its "Outperform" rating and raised the price target from USD 110.00 to USD 124.00 [1]. Stifel maintained their "Buy" rating and boosted the price target from USD 113.00 to USD 130.00 [1].

The upgrade is based on higher Macau estimates and a more optimistic outlook for Wynn's AI Marjan resort in the UAE. UBS estimates the UAE property will generate run-rate adjusted property EBITDAM of USD 730 million, representing a 16% upside to Wynn’s base case estimate [2]. UBS projects the UAE property could reach steady state in 2029, approximately two years after its early 2027 opening, with performance substantially better than initially forecast.

Wynn Resorts operates luxury casinos and resorts, with a strong presence in both Macau and the United States. The company's recent financial maneuvers, such as redeeming $1 billion in 5.50% senior notes due in 2026 and issuing $1 billion in 6.750% senior notes due in 2034, reflect strategic management of its debt obligations [2].

Based on the one-year price targets offered by 16 analysts, the average target price for Wynn Resorts Ltd (WYNN) is USD 123.66, with a high estimate of USD 135.00 and a low estimate of USD 101.00 [3]. The average target implies an upside of 0.37% from the current price of USD 123.20. The consensus recommendation from 19 brokerage firms is currently 2.1, indicating an "Outperform" status [3].

GuruFocus estimates the estimated GF Value for Wynn Resorts Ltd (WYNN) in one year is USD 120.32, suggesting a downside of 2.34% from the current price of USD 123.2 [4]. The GF Value is GuruFocus' estimate of the fair value that the stock should be traded at, calculated based on historical multiples and future estimates of the business' performance.

The latest upgrade by UBS reflects growing market confidence in Wynn Resorts and indicates a positive outlook for the company's future performance. Investors and market analysts will be closely watching how these ratings translate into actual market performance.

References:
[1] https://www.gurufocus.com/news/3085007/wynn-stock-upgraded-to-buy-by-ubs-with-4554-target-price-increase-wynn-stock-news
[2] https://www.investing.com/news/analyst-ratings/ubs-upgrades-wynn-resorts-stock-rating-to-buy-on-macau-growth-and-uae-potential-93CH-4214059
[3] https://www.barchart.com/story/news/34430751/wynn-resorts-wynn-stock-trades-up-here-is-why
[4] https://www.ainvest.com/news/wynn-resorts-strategic-buy-macau-growth-uae-expansion-catalysts-2508/