Market Overview

UPDATE: Cantor Fitzgerald Downgrades Las Vegas Sands to Hold, Lowers PT

Related LVS
Bespoke Investment Group's Co-Founder Shares Stocks He Would Avoid After FOMC
Casino ETF Keeps Landing On Red
As Threats Grow, Firms to Cyber Insurance (Fox Business)

In a report published Friday, Cantor Fitzgerald downgraded its rating on Las Vegas Sands Corp. (NYSE: LVS) from Buy to Hold, and lowered its price target from $50.00 to $46.00.

Cantor Fitzgerald noted, “We are downgrading Las Vegas Sands to HOLD from BUY and lowering our price target to $46 from $50. The stock has had a nice run from its July lows, but the growth challenges displayed in Singapore this quarter precipitated this change in our outlook. While LVS still has a compelling long-term growth and FCF story, we think near-term concerns raised in yesterday's earnings report are likely to keep the shares in neutral.”

Las Vegas Sands Corp. closed on Thursday at $46.46.

Latest Ratings for LVS

DateFirmActionFromTo
Sep 2014JP MorganMaintainsOverweight
Sep 2014Argus ResearchDowngradesBuyHold
Sep 2014Deutsche BankMaintainsBuy

View More Analyst Ratings for LVS
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Downgrades Analyst Ratings

 

Related Articles (LVS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters