Market Overview

Morgan Stanley Reports that Las Vegas Sands Has A Winning Hand

Related LVS
Macau Gaming Investors Should Keep Seatbelts Fastened, Credit Suisse Warns
Early Global News: Alibaba Startup Stake, Commercial Drones & Under Armour-Lululemon Rumor

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.

Latest Ratings for LVS

Oct 2015BarclaysDowngradesOverweightEqual-weight
Oct 2015Gabelli & CoInitiates Coverage onBuy
Sep 2015NomuraMaintainsNeutral

View More Analyst Ratings for LVS
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Praveen Choudhary Thomas AllenAnalyst Color Analyst Ratings


Related Articles (LVS + MGM)

View Comments and Join the Discussion!

Get Benzinga's Newsletters