Citi Maintains Buy on Las Vegas Sands

Citi Investment Research is out with a research report on Las Vegas Sands (NYSE: LVS) and it has a Buy rating and a $58 price target on shares.

In a note to clients, Citi Investment Research writes, "Reflecting the current share price of Sands China, we have reduced our sum-of-the-parts valuation and thus our LVS target price to US$58.00 from US$59.00 previously. We maintain our Buy rating, with 44.7% implied upside from current levels."

Shares of LVS gained 96 cents yesterday to close at $40.08, a gain of 2.45%.