Las Vegas Sands Maintains "Outperform" Rating from BMO Capital Markets (LVS)

BMO Capital Markets maintained its “Outpeform” rating for Las Vegas Sands (NYSE: LVS). They are looking for a 9 to 15 month price target of 24, which is 27% above current trading prices.

Las Vegas Sands reported its 4Q in line with the analysts’ expectations of $0.03 and above the prior year earnings loss of $0.04. The Las Vegas Sands properties created mixed performance, but the analyst remains bullish because his thesis is intact. The thesis will remain if gaming revenue trends improve in Macau, LVS has an attractive stock valuation versus growth expectations, and if Las Vegas begins to stabilize.