Morgan Stanley Reports that Las Vegas Sands Has A Winning Hand
Morgan Stanley analyst Thomas Allen reported that Las Vegas Sands (NYSE: LVS) is the best positioned company to benefit from the Macau mass market growth.
U.S. 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 percent year-to-date, ahead of Wynn Resorts (NASDAQ: WYNN) which is up 50 percent, and behind MGM Resorts International (NYSE: MGM) up 75%. LVS is currently the only of these three with a Buy rated name by Morgan Stanley.
Allen expects to see a 14 percent 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.
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