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Deutsche Bank Comments On Macau Gaming, Changes Rating On Two Casino Stocks

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Deutsche Bank analysts on Tuesday offered comments on the Macau gaming industry.

Carlo Santarelli finds that overall revenue forecast for fourth quarter 2014 and 2014 are -15.3 percent and 0 percent, respectively.

Amid the industry coverage, Deutsche Bank changed the investment rating on two casino stocks, which offers a potential pair trade.

Las Vegas Sands Corp. (NYSE: LVS) downgraded to Hold, lowered price target to $65. Shares recently traded at $61.89, down 1.6 percent.

MGM Resorts International (NYSE: MGM) upgraded to Buy, raised price target to $30. Shares recently traded at $22.19, about even.

Since both stocks are within the same sector, an investor could place a pair trade on the aforementioned stocks buy purchasing shares of MGM and selling shares of Las Vegas Sands on a equivalent notional basis.

Latest Ratings for LVS

Oct 2016CitigroupMaintainsBuy
Oct 2016Bank of AmericaUpgradesNeutralBuy
Sep 2016CLSAMaintainsPerform

View More Analyst Ratings for LVS
View the Latest Analyst Ratings

Posted-In: Carlo Santarelli Deutsche Bank MacauAnalyst Color Upgrades Downgrades Price Target Analyst Ratings


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