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Janney Capital Resumes Las Vegas Sands (LVS) at Neutral

January 26, 2015 12:14 PM EST
Get Alerts LVS Hot Sheet
Price: $51.55 +0.14%

Rating Summary:
    26 Buy, 12 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 10 | New: 11
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Janney Capital resumes coverage on Las Vegas Sands (NYSE: LVS) with a Neutral rating and a price target of $57.00.

Analyst Brian McGill commented, "We are resuming coverage of Las Vegas Sands (LVS) with a NEUTRAL rating because of the uncertainty concerning the future pace of growth in Macau. We also expect LVS will lose market share once new competition opens on Cotai. The company is scheduled to open its own properties on Cotai, but we think it’s a negative that the opening date and table allocation is unknown. We also expect limited growth from Singapore going forward. Our fair value is $57. This is 12x our 2015 EBITDA plus $4 for the Parisian."

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 $53.89 yesterday.



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