Nomura Securities Reiterates a 'Buy' on Las Vegas Sands (LVS); Expect Good Q2

Nomura Securities reiterates a 'Buy' on Las Vegas Sands (NYSE: LVS) price target of $54.00.

Nomura analyst, Harry Curtis, said, "Las Vegas Sands to report Q2 11 results on 7/26 after the close. We expect a good quarter and positive outlook commentary for LVS’ three major operating markets. We are looking for Q2 net EBITDA of $798mn versus consensus of $755mn. We expect in line Macau and Las Vegas results, while Singapore could beat expectations. At ~10x 2012 our EBITDA estimate, LVS trades at a 16% discount to Wynn (Nasdaq: WYNN), which should close as positive trends lead to improved investor confidence."

For more ratings news on Las Vegas Sands click here and for the rating history of Las Vegas Sands click here.

Shares of Las Vegas Sands closed at $46.18 yesterday.

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