Jefferies Raises Price Target on Las Vegas Sands (LVS) But Keeps Hold Rating

Jefferies lifted estiamtes and its price target on Hold-rated Las Vegas Sands (NYSE: LVS) from $45 to $47 but is keeping their Hold rating.

The firm comments "The fundamental strength in Macau and Singapore continue to drive upside for LVS, which we believe could continue. Combined with what we expect to be a recovering Las Vegas Strip, the company offers a unique combination of market opportunities. However, we believe the positive attributes of these markets are balanced with the company's associated risks, in our view, as reflected in present trading levels."

The firm raised Q3 EPS from $0.48 to $0.54, FY11 from $1.81 to $1.95 and FY12 from $2.25 to $2.32.

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 $46.30 yesterday.

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