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Wynn Resorts, Limited $WYNN Holdings Lowered by Comerica Bank
Comerica Bank significantly reduced its stake in Wynn Resorts (NASDAQ:WYNN) by 82.5% in the fourth quarter, selling 186,197 shares, bringing its total holdings to 39,419 shares valued at $4.743 million. This comes as Wynn Resorts reported Q4 EPS of $1.17, missing analyst estimates but exceeding revenue expectations. Despite the reduction by Comerica, other institutional investors increased their positions, and Wall Street analysts currently rate Wynn Resorts as a “Moderate Buy” with an average target price of $137.93.