Nomura Securities Maintains a 'Buy' on Las Vegas Sands (LVS); Follow-up From LVS’ Analyst Day

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

Nomura analyst, Harry Curtis, says, "For the most part, there were no revelations from LVS’ analyst day, but constructive comments were made about EBITDA upside in Macau and Singapore, as well as the company’s meaningful free cash flow that supports both future development and return of capital to shareholders. LVS strongly hinted at paying a 2012 dividend. Although LVS didn’t commit to developing a $3bn-$10bn resort in Spain, the groundwork has clearly been laid. Not-withstanding the discussion on Spain, LVS remains one of our top stocks."

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 $48.22 yesterday.

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