** Shares of casino operator Wynn Resorts WYNN.O up 1.42% at $90 in premarket trade

** Brokerage Jefferies raises WYNN stock rating to "buy" from "hold" in a note dated February 17

** Says "the development of Al Marjan Island (in UAE) and exposure to stable premium consumers as Macau recovers should be positive catalysts for shares"

** Raises PT to $118 from $105, implying a 32.9% upside to stock's last close

** Says "setup for WYNN is positive on the opening of its new project in early 2027 and the productivity of its current portfolio"

** WYNN beat analysts' estimates for fourth-quarter profit and revenue, last week on Thursday, driven by strong business in Las Vegas and other regional properties

** 6 of 19 brokerages rate the stock "buy" or higher, 11 "hold" and 2 "sell" or lower; their median PT is $113 - as per data compiled by LSEG

** In 2024, shares were down 5.4%

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))