Deutsche Bank Maintains a 'Buy' on Las Vegas Sands (LVS); Raising Numbers on Recent Trends
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Price: $46.23 --0%
Rating Summary:
21 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
Rating Summary:
21 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
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Deutsche Bank maintains a 'Buy' on Las Vegas Sands (NYSE: LVS) price target raised from $60 to $68.
Analyst, Carlo Santarelli, said, "While MBS has long been the focus for LVS, we believe the recent opening of Sands Cotai Central, better than expected 1Q12 Macau market results, and continued LVS junket traction have shifted attention to Macau, and rightly so. While upside to 1Q12 estimates is unlikely to surprise given rising Consensus, we believe out year forecasts remain beatable and we anticipate continued share price acceleration given limited near-term headwinds."
Raises FY12 EPS estimate from $2.50 to $2.63 and FY13 from $3.04 to $3.31.
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 $59.63 yesterday.
Analyst, Carlo Santarelli, said, "While MBS has long been the focus for LVS, we believe the recent opening of Sands Cotai Central, better than expected 1Q12 Macau market results, and continued LVS junket traction have shifted attention to Macau, and rightly so. While upside to 1Q12 estimates is unlikely to surprise given rising Consensus, we believe out year forecasts remain beatable and we anticipate continued share price acceleration given limited near-term headwinds."
Raises FY12 EPS estimate from $2.50 to $2.63 and FY13 from $3.04 to $3.31.
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 $59.63 yesterday.
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