Loading...
Loading...
In a report published Monday, Morgan Stanley analyst Thomas Allen reiterated an Overweight rating on
Las Vegas SandsLVS, but lowered the price target from $87.00 to 83.00.
In the report, Morgan Stanley noted, “Expect LVS to outperform in Macau, driven by LVS' high exposure to mass vs. VIP, strong execution, and the continued successful ramp of Sands Cotai Central / Parisian in the future. Despite developing future projects, we believe LVS' strong FCF will drive the stock from current levels as we expect management to increase future recurring dividends, increase stock buybacks, and/or pay sizeable 1-time dividends. Track record of expanding markets will position LVS well for potential new gaming markets (Japan appears to be gaining momentum with potential for initial legislation to be passed in 2H14; Korea; etc).”
Las Vegas Sands closed on Friday at $72.84.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in