Sands (LVS) Shares Outpace Peers; Analysts Bullish on Singapore Junkets

Shares of Las Vegas Sands (NYSE: LVS) are up nearly 0.8 percent Thursday morning while shares of Wynn (Nasdaq: WYNN) and MGM (NYSE: MGM) are down 1.5 percent and 0.2 percent, respectively.

J.P. Morgan said Sands stock is likely to see some upside following the earlier-than-expected approval by Singapore's casino authority for junket operators.

Morgan Stanley believes Singapore junket approval would be a "significant" positive for Sands. Approval would also ease concern Singapore is not a "growing" market, the firm said. Approval could add about $3 per share for Sands.

J.P. Morgan maintains an Overweight rating and $61 target, while Morgan stanley boosted its target from $56 to $65 and kept an Overweight rating.

Visit our Analyst Ratings page to track all the market-moving analyst calls on shares of Las Vegas Sands.

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