Goldman Sachs Raises Price Target on Las Vegas Sands (LVS) to $67

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Goldman Sachs raised their price target on Buy-rated Las Vegas Sands (NYSE: LVS) from $59 to $67 as they now base the target off 2013 estimates.

Basing the target on 2013 numbers is more appropriate "as it will include a full year of operations for the company's new Sands Cotai Central property on the Cotai Strip in Macau, which has the first phase opening in mid April 2012," the firm notes.

The firm forecasts revenue/EBITDA growth of 20%/19% and 22%/22% in 2012 and 2013 for the total company.

For an analyst ratings summary and ratings history on Las Vegas Sands click here. For more ratings news on Las Vegas Sands click here.

Shares of Las Vegas Sands closed at $59.12 yesterday, with a 52 week range of $36.08-$59.85.

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