Brean Murray Carret & Co. Reiterates a 'Buy' on Las Vegas Sands (LVS); Raising Numbers on Continued Strength

Brean Murray Carret & Co. reiterates a 'Buy' on Las Vegas Sands (NYSE: LVS) price target raised from $57 to $64.

Brean analyst says, "Macau trends remain strong with March expected to be up close to 30% YoY which drives our estimates higher and improves our outlook for the soon to open Cotai Central. Additionally, the initial approval of junkets in Singapore improve the longer term grow prospects and valuation multiple for Marina Sands."

FY12 EPS estimate bumped from $2.41 to $2.50 and $2.87 to $2.99.

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 $57.53 yesterday.

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