BUZZ-Wynn Resorts rises after Morgan Stanley upgrades to 'overweight', lifts PT

** Shares of casino operator Wynn Resorts WYNN.O rise ~6% to $96.45

** Morgan Stanley upgrades WYNN to "overweight" from "equal weight"

** Brokerage raises PT to $104 from $97, representing a 14% upside to stock's last close

** "WYNN's continued investment, proximity to recently added attractions, and high end brand will all support more resilient fundamentals vs. the market," Morgan Stanley analyst Stephen Grambling says

** Adds WYNN will also be past the largest single year of investment spend for the UAE project in 2024, ramping dividend further up

** 16 of 19 brokerages rate WYNN stock "buy" or higher and three "hold"; their median PT is $113.06 - LSEG data

** Up to Thursday's close, WYNN down 0.08% YTD

(Reporting by Anshuman Tripathy in Bengaluru)

((Anshuman.Tripathy@thomsonreuters.com;))