UPDATE: Citi Raises PT on Las Vegas Sands to $59

Citi is out with its report today on Las Vegas Sands (NYSE: LVS), raising its PT from $57.50 to $59.

In its report, Citi writes, "We have raised our 2011-13E estimates modestly, leading us to raise our TP from US$57.50 to US$59. The increase in estimates mainly reflects the recent GGR trends as per our channel checks and a modestly improved VIP outlook."

Citi maintains Buy on LVS.

At the time of posting, shares of LVS were trading pre-market at $46.25, down 4.09% from Wednesday's close.