Las Vegas Sands (LVS) PT Raised to $87 at Deutsche Bank

Deutsche Bank maintained a Buy rating on Las Vegas Sands (NYSE: LVS) and raised its price target to $87.00 (from $85.00).

Analyst Carlo Santarelli said, "With shares having pulled back ~16% (SPX -3%) over the last month, we think current levels are appropriate for new money entrants into LVS given the following unchanged aspects of the story: 1) meaningful relative underperformance to sector peers despite the most compelling near term market (Macau) and segment (mass) exposures, 2) a return friendly balance sheet (we expect meaningful buyback activity in the 1Q14), 3) the potential catalyst of an asset sale in the near term, 4) strong organic fundamentals and a visible future growth pipeline, and 5) upside to near term Consensus forecasts."

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 $74.62 yesterday.

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