UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Las Vegas Sands

In a report published Friday, Deutsche Bank reiterated its Buy rating on Las Vegas Sands Corp. LVS, and raised its price target from $42.00 to $52.00. Deutsche Bank noted, “Following better than expected QTD Macau market GGR results, which we believe have provided some level of stability to the Macau market outlook and, more importantly, stronger LVS share versus our expectations, we are raising our out year forecasts on greater confidence in our market outlook and what we believe are more realistic, though still conservative, LVS share forecasts. In conjunction with our out year estimate revisions, we are also raising our price target to $52 from $42. Our 3Q12 forecast is largely unchanged as our Macau property level revenue upside is offset by lower margin assumptions.” Las Vegas Sands Corp. closed on Thursday at $45.38.