Barclays Takes 'Bend, Don't Break' Attitude with Las Vegas Sands (LVS)

July 26, 2012 5:22 PM EDT Send to a Friend
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Price: $76.46 --0%

Rating Summary:
    18 Buy, 8 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Barclays maintains an 'Overweight' on Las Vegas Sands (NYSE: LVS) price target of $49.00 (from $54.00).

Analyst, Felicia R. Hendrix, said, "LVS missed 2Q12 expectations, even after adjusting for hold. These results, combined with the challenges of operating in slowing markets and ramping a new property, do not bode well for the valuation of a growth company. That said, despite its current difficulties, LVS continues to generate significant cash flow that could potentially be used to support an increased dividend or a share buyback."

FY12 EPS estimate lowered from $2.57 to $2.27 and FY13 from $2.98 to $2.69.

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 $37.51 yesterday.




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