UPDATE: FBR Capital Markets Initiates Coverage on Wynn Resorts on Limited Near-Term Growth Prospects

In a report published Wednesday, FBR Capital Markets analyst Jake Fuller initiated coverage on Wynn Resorts Limited (NASDAQ: WYNN ) with a Market Perform rating and $175.00 price target. In the report, FBR Capital Markets noted, “We are initiating coverage of Wynn Resorts, Limited (WYNN) with a Market Perform rating