Shares of Wynn Resorts, Ltd. (NASDAQ:WYNN) traded 6% higher earlier Thursday, following a ratings upgrade by JP Morgan Chase & Co. (NYSE:JPM), reports MarketWatch. JP Morgan analyst Joe Greff lifted the stock's rating to Overweight. Shares of the firm continue to trade up 5.49% Thursday afternoon at $106.27. Wynn Resorts owns and operates luxury hotels and destination casino resorts in Las Vegas, Nevada and in Macau, China. The resorts features guest rooms and suites, restaurants, golf courses, and on-site luxury automotive dealerships. Wynn Resorts had sales growth of 0.3% during the last fiscal year. The company has reported $3.8 billion in sales over the past 12 months and is expected to report $4.3 billion in sales in the next fiscal year.
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Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...