UPDATE: Stifel Raises PT on Las Vegas Sands Following 3Q13 Review

In a report published Friday, Stifel analyst Steven Wieczynski reiterated a Buy rating on

, and raised the price target from $76.00 to $84.00. In the report, Stifel noted, “Reported adjusted EBITDAR of $1.28B (+46%) versus $877M last year and ahead of our consensus-matching $1.22B estimate. The relative outperformance was largely a function of better than anticipated Macau results, partially offsetting modest EBITDAR underperformance in Singapore and Las Vegas. LVS remains committed to returning excess cash to shareholders, as evidenced by the announced 43% increase in its 2014 dividend to $0.50/quarter and stated commitment to repurchasing $75M of common stock per month going forward.” Las Vegas Sands Corp. closed on Thursday at $70.97.