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Wynn Stock Is Eyeing Its Best Week in 2 Years. China Isn’t the Only Reason.

Karishma Vanjani
·2 min read
Wynn Stock Is Eyeing Its Best Week in 2 Years. China Isn’t the Only Reason.

Shares of casinos with China operations have been on a tear this week, and Morgan Stanley just added to the good news. Research analysts Stephen Grambling and Praveen Choudhary upgraded their call on Wynn Resorts stock to Overweight, the equivalent of Buy, from Hold, in a research note late Thursday. Casino stocks with high China exposure, in general, have been riding a high this week after Beijing lowered interest rates amid a flood of other moves meant to stimulate the economy.

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