Analysts Are Downgrading These 5 Stocks

2. Wynn Resorts, Limited (NASDAQ:WYNN)

Number of Hedge Fund Holders: 37   

Wynn Resorts, Limited (NASDAQ:WYNN) is placed second on our list of 10 stocks that analysts are downgrading. The firm designs, develops, and operates resort facilities. It is headquartered in Nevada. 

On September 16, investment advisory JPMorgan downgraded Wynn Resorts, Limited (NASDAQ:WYNN) stock to Neutral from Overweight and reduced the price target to $89 from $122.

At the end of the second quarter of 2021, 37 hedge funds in the database of Insider Monkey held stakes worth $712 million in Wynn Resorts, Limited (NASDAQ:WYNN), down from 49 in the preceding quarter worth $1 billion.