Analysts Getting Interested in Las Vegas Sands (LVS); Shares Move Higher Amid Two Price Target Raises

Shares of Las Vegas Sands (NYSE: LVS) are outperforming peers in the Casino & Gaming sector Monday morning as several analysts commented on the company earlier. While Las Vegas Sands shares are up 2.5 percent to $58.98 at last check, shares of MGM (NYSE: MGM) and Wynn Resorts (Nasdaq: WYNN) are up 1.7 percent and 2.3 percent, respectively.

In addition to a reiterated Buy rating and raised target to $64 from Brean Murray this morning, Stifel Nicolaus' Steven Wieczynski also raised his target on Las Vegas Sands. The analyst now sees the stock rising to $69 over the next year, up from $63 previously. Wieczynski maintains a Buy rating.

The Stifel analyst also raised his target on peer MGM from $18 to $20. Wieczynski added MGM shares to the company's "Select List," suggesting potential near-term upside.

On the other side of the trade, Wells Fargo's Cameron McKnight warned of a meaningful slowdown in Macau gaming sales over the course of last week. The analyst believes average daily revenue pushed to the lowest point since the week leading up to the Chinese New Year in January. McKnight sees last week's gaming sales up only 13 percent on a year-over-year basis. The analyst said Macau-centric gaming stocks like Las Vegas Sands and Wynn could be weak on a slower Macau outlook.

Visit our Analyst Ratings page to track all the market-moving analyst action on shares of Las Vegas Sands.

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