Deutsche Bank Maintains Buy, $62 Target on Las Vegas Sands

Deutsche Bank reiterates it Buy rating and $62 target price on Las Vegas Sands Corp. (NYSE: LVS) as junket program is seen making headway.

Deutsche Bank notes, “While too early to call it a trend, LVS VIP rolling chip volume share in November (11.1%) was up 150 bps versus October and 180 bps versus September, largely stemming from significant acceleration in rolling chip volume at Four Seasons. Recall, both Neptune (13 tables) and Sun City (24 tables) got their respective rooms up and running at Four Seasons in November. The contribution has been immediately evident as junket rolling chip volume in November (HK 14.25 bn) was up ~64% from the seasonally stronger October.”

LVS closed at $46.02 per share on Friday.