Shares of Wynn Resorts (WYNN), Las Vegas Sands (LVS), and MGM Resorts International (MGM) gained again Friday on optimism that the 澳洲幸运5官方开奖结果体彩网:big stimulus package an🔜nounced by China will increase business at their casinos in Macau.ඣ 

All three have posted strong gains this week from the moves from Beijing designed to push the country's 2024 economic growth closer to its 5% target.

China's central bank moved to cut interest rates and inject liquidity into its banking system, and more economic drivers are expected to come before the country's National Day holiday on Oct. 1. 

Wynn Resorts Stock Gets Morgan Stanley Upgrade

Wynn Resorts shares received an added boost from Morgan Stanley, which upgraded the stock on what it called a "favorable risk-reward." The bank raised its rating to "overweight" from "equal-weight," and lifted the price target $7 to $104. 

Morgan Stanley pointed to a "combination of near low valuation, an underappreciated growth opportunity in UAE, and optionality around Macau."

With this week's advance for the casino operators, Wynn Resorts and Las Vegas Sands shares moved positive territory for 2024. MGM Resorts International is still down 11% for the year.