Wells Fargo cuts PTs of casino operators on slower Macau game yield
** Wells Fargo cuts PTs on casino operator Wynn Resorts WYNN.O to $126 from $128, and Las Vegas Sands LVS.N to $58 from $60
** "Macau stocks continued to frustrate and underperform during Q2 2024" - brokerage
** Growth in gross gaming revenue from Macau properties, as per brokerage's calculation, decelerated slightly over the course of the quarter - Wells Fargo
** 3 brokerages rate WYNN "strong buy", 11 "buy" and 4 "hold"; median PT $128 - LSEG
** 4 brokerages rate LVS "strong buy", 14 "buy" and 2 "hold"; median PT $61
** YTD, WYNN shares down 3.4% and LVS down 12.7%
Reporting by Aatreyee Dasgupta
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