Nomura Securities Maintains a 'Buy' on Las Vegas Sands (LVS); Winner, Winner, Madrid Dinner

Nomura Securities maintains a 'Buy' on Las Vegas Sands (NYSE: LVS) price target of $52.00.

Analyst, Harry C. Curtis, said, "Over the weekend (9/7), LVS named Madrid as the preferred city for a possible casino/resort complex. In our view, these are the steps that LVS needs to keep Spain as a possible development option, but we reiterate our view that the likelihood of completing a multi-billion project remains low. As a practical matter, securing adequate financing is LVS’ major hurdle. There are also the issues in Spain of overriding a smoking ban, tax abatement, and labor, any of which could put a stake in the CEO’s appetite to move forward. We reiterate our preference that LVS take a firm stance on returning cash to shareholders rather than developing in Spain."

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 $44.30 yesterday.

---

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

---

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Jefferies on Five Below (FIVE): 'Our latest channel checks reinforce our view that FIVE's momentum extends well beyond viral Squish trends'
• UBS Reiterates Buy Rating on HF Sinclair (DINO)