The Zhitong Finance App learned that Lyon released a research report saying that it gave Wynn Macau (01128) a “buy” rating. Under the latest guidelines, the company raised its capital expenditure assumptions, and the target price dropped to HK$11.9. After losing money in the fourth quarter of last year, Wynn Macau made a strong recovery in gaming revenue, hotel occupancy, and retail sales this year. Considering that the company achieved an average daily adjusted EBITDA of about 4 million US dollars during the Spring Festival holiday, the bank expects its EBITDA to be profitable in the first quarter of this year.