Nomura Securities maintains a 'Buy' on Las Vegas Sands (LVS); Lifting Estimates Post Management Meeting

Nomura Securities maintains a 'Buy' on Las Vegas Sands (NYSE: LVS) price target of $62.00.

Nomura analyst, Harry Curtis, said, "After visiting with LVS, we are lifting our 2012 and 2013 EBITDA and EPS estimates to reflect stronger VIP volumes at the Four Seasons in Macau, as well as greater mass and retail revenue in Singapore. Our 2012E EPS goes from $2.59 to $2.78 and 2013E from $3.18 to $3.33. We have ratcheted down assumed multiples to reflect slower market growth in Macau and concerns over global economic growth. Nevertheless, upside in the stock is strong at ~ 35% despite using more conservative valuation."

For an analyst ratings summary and ratings history on Las Vegas Sands click here. For more ratings news on Las Vegas Sands click here.

Shares of Las Vegas Sands closed at $45.83 yesterday.

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