Jefferies lowers Wynn, Las Vegas Sands' PTs on China macro concerns
** Jefferies cuts PTs on casino operators Wynn Resorts WYNN.O to $96 from $111 and Las Vegas Sands LVS.N to $47 from $53
** Says Macau margins have improved but China macro concerns persist and continue pressuring valuations, temper shares
** Brokerage also notes LVS' ongoing Macau renovations weighing on 2024 revenue, profit
** Jefferies keeps "hold" rating on WYNN and LVS stocks
** 14 brokerages rate WYNN "buy" or higher and four "hold"; their median PT is $126 - LSEG data
** 16 brokerages rate LVS "buy" or higher and two "hold"; their median PT is $60
** YTD, WYNN down ~8%, LVS ~16 lower
Reporting by Aatreyee Dasgupta
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