Nomura Securities Maintains a 'Buy' on Las Vegas Sands (LVS); Likely Topics for Upcoming Investor Day

Nomura Securities maintains a 'Buy' on Las Vegas Sands (NYSE: LVS) price target of $58.00.

Nomura analyst, Harry Curtis, said, "Topics likely to be discussed for LVS 9/21 Investor Day. Macau Trends: September revenues thru 9/11 suggest September could be up ~40% YOY for the month. Sites 5&6 Update: Investors could be impressed with Sites 5&6 as LVS provides more details e.g. photos and positioning. Singapore Trends: Like Macau, we expect positive indications about trends. Singapore is an undersupplied market. Free Cash Usage: Net debt should drop to 0.3x in 2013, which frees up cash for dividends or share repo. Any lengthy discussion of using cash to develop in Spain vs. returning cash to shareholders would be a negative. Other than that, LVS remains one of our Top Three stock picks."

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 $47.66 yesterday.

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