Day: October 9, 2020

Wynn Resorts Stock Can Double in a Year: Fund Manager

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A general view of the Wynn Casino in Macau


Chris McGrath/Getty Images

This article first appeared on SumZero, the world’s largest research community of buyside investment professionals. In some cases, Barron’s edits the research for brevity; professional investors can access the full version of this thesis and tens of thousands of others at SumZero.com.

Disclaimer: The author of this idea and the author’s fund had a position in this security at the time of posting and may trade in and out of this position without informing the SumZero community.

Target price: $150.00

Recent price: $75.12

Timeframe: 6 months-1 year

Thesis

Travel and leisure stocks have remained at very depressed levels with most down more than 50% year to date. This is understandable given

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