On CNBC's "Fast Money," traders spoke about Morgan Stanley's upgrade of Wynn Resorts, Limited WYNN. The stock was upgraded to Overweight and the analyst raised its price target to $95.
One of the catalysts for the bullish call is a potential Biden victory, as improved relations with China could benefit Wynn's business.
Tim Seymour wouldn't buy the stock on the change of the government, but he wouldn't run terribly far away from it because $72 to $75 has proven to be a pretty good line in the sand. He thinks the gross gaming revenue is still weak.
Guy Adami prefers Las Vegas Sands Corp. LVS for the theme of getting away from Las Vegas and getting exposure to Macao. If the weak gaming revenue numbers in China improve, Las Vegas Sands is the right way to trade it, thinks Adami.
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