UBS Maintains a 'Buy' on Las Vegas Sands (LVS) on 'A Little Bit of Luck'

UBS maintains a 'Buy' on Las Vegas Sands (NYSE: LVS) price target raised from $62 to $67.

Analyst, Robin M. Farley, said, "We estimate luck added EBITDA of $6-7M to Macau, about $40-$45M to Singapore, and about $18-19M to Vegas. Overall, company-wide hold may have added $64-71M of EBITDA, but we believe Q1 was still a solid quarter versus our and especially Street’s estimates. Overall company EBITDA of $1.07B came in vs. our estimate of $988M and consensus expectations of $914M. For Macau and Singapore combined, which is 90% of revenues, hold was 3.2% versus 3.05% 200-day moving average for Macau and Singapore combined."

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 $58.78 yesterday.

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