Xiaomo raised Wynn Macau's 2024-2025 EBITDA forecast by about 3%.
The Zhitong Finance App learned that J.P. Morgan Chase released a research report stating that it gave Wynn Macau (01128) an “increase in weight” rating, believing that this mainly benefited from an increasingly strong midfield and strict cost control. The target price increased 5% from HK$10.5 to HK$11. The company's business performance was strong in the first quarter of this year, and the bank is now fine-tuning its model. The Group raised its 2024-2025 EBITDA forecast by about 3% to reflect better-than-expected profit margins.