Wells Fargo resumes Las Vegas Sands (LVS) at Market Perform; Strong Assets But High Expectations And Slower Same-Store Growth

Wells Fargo resumes coverage on Las Vegas Sands (NYSE: LVS) with a Market Perform. PT range $43-$52.

Wells analyst says, "LVS owns some of the world's most-profitable and valuable casino assets, and should be highly cash generative from 2013 on. Despite this, we believe outperformance of the stock could be limited over the next 12 months by (1) below-consensus market growth in Macau; (2) a trend of positive estimate revisions turning neutral, given that our 2012 base case estimate of $4B is 1.2% below the consensus; (3) slowing same-store growth; and (4) high investor expectations. We could become constructive on LVS if (1) market volatility provides an attractive entry point; (2) Macau market growth or LVS's market share paces above expectations; and/or (3) Singapore earnings show signs of breaking out above estimates."

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 $42.81 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Movano (MOVE) Misses Q2 EPS by 195c
• Vivos Therapeutics posts 35% revenue gain but widens net loss