$WYNN Wynn Resorts downgraded to Hold at Jefferies on 'elongated' Macau recovery 08:12 WYNN As previously reported, Jefferies analyst David Katz downgraded Wynn Resorts to Hold from Buy with a price target of $81, down from $111, citing what he expects to be an "elongated," more protracted Macau recovery and leverage that he sees limiting growth and returns compared to peers. Continued IVS complexity is limiting access and junket liquidity pressures lead Katz to forecast a more gradual recovery trajectory for Macau through 2022, the analyst explained.