Wynn Resorts Ltd. (NASDAQ:WYNN): According to JPMorgan, when backing out the value of its stake in Wynn Macau, Wynn Resorts shares now have a negative value. The firm is convinced that this is not sustainable, and it believes that there is considerable value in the company’s shares at current levels. The firm believes that these current levels are an attractive entry point, and it maintains an Overweight rating and a $133 price target on the stock.
Danaher Corp. (NYSE:DHR) shares are believed by JPMorgan to have the ability to see a relief rally into and around the company’s investor day on December 12. The firm believes that it is not necessary for consensus growth expectations for 2013 to come down, and it maintains its Overweight rating and a $59 price target on the stock.
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Tiffany & Co. (NYSE:TIF) valuation is believed by Oppenheimer to be compelling, and the firm predicts that the stock will move forward after the company has announced its Q3 results. The firm keeps its Outperform rating on the stock.
Steel Dynamics Inc. (NASDAQ:STLD): Morgan Stanley thinks that scrap pricing has the ability to accelerate into 2013 considering reduced imports, inventory levels, and improved seasonality, along with additional reasons. The firm names Steel Dynamics as a top pick, and also recommends AK Steel (NYSE:AKS) for a trade.
SunTrust Banks, Inc. (NYSE:STI): According to Argus, investors possibly are underestimating the positive impact to SunTrust of Florida’s improving economic condition. Furthermore, the firm believes that investors could be underestimating the bank’s ability to reduce expenses, and the firm reiterates its Buy rating on the stock.
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