Citadel Securities Maintains an 'Add' on Las Vegas Sands (LVS); 2Q11 Eclipses Expectations as Singapore Surges; Increasing Estimates

Citadel Securities maintains an 'Add' on Las Vegas Sands (NYSE: LVS), price target raised from $50 to $53.

Citadel analyst says, "On the back of strong margin improvements and solid GGR growth, offset slightly by the Cotai 5 & 6 opening now est. for late-1Q12, we are increasing our LVS estimates for the balance of 2011 through 2013. Our new 2011 EPS and EBITDA ests are $1.97 (from $1.78) and $3.2B (from $3.0B). For 2012 and 2013, our EPS and EBITDA ests move up as well, with 2012 EPS now at $2.49 (from $2.34) and EBITDA at $3.9B (from $3.8B), and 2013 EPS and EBITDA at $3.05 (from $2.86) and $4.6B (from $4.5B)."

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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