Morgan Stanley Reports that Las Vegas Sands Has A Winning Hand

Morgan Stanley analyst Thomas Allen reported that

is the best positioned company to benefit from the Macau mass market growth. US casino & gaming stocks appear to be moving lower, as Morgan Stanley's analyst Praveen Choudhary recently downgraded Sands China, Galaxy, MGM to equalweight. Las Vegas Sands is currently up 56% year-to-date, ahead of Wynn Resorts

which is up 50%, and behind MGM Resorts International

up 75%. LVS is currently the only of these three with a Buy rated name by Morgan Stanley. Allen expects to see a 14% upside to Las Vegas Sands in the following 8 months. According to Bloomberg data, LVS has a Buy rating from 23 out of 28 analysts. Las Vegas Sands closed at $71.90 on Friday.