Compass Point Upgrades Las Vegas Sands (LVS) to Neutral
Tweet
Share
E-mailGet Alerts LVS Hot Sheet
Price: $46.23 +1.01%
Rating Summary:
21 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
21 Buy, 17 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Compass Point upgraded Las Vegas Sands (NYSE: LVS) from Sell to Neutral with a price target of $44.00 (from $37.00).
The analyst comments, "Economic miracles apparently do happen, at least in the short-run. The epic pace of property appreciation in China, followed by only a very modest correction represents one of the first soft landings in modern history. Our contrarian call one-year ago was on point, only the hard landing we projected has been avoided (or delayed, in our opinion). The macro environment has stabilized and Macau gaming revenues have exhibited a re-acceleration of growth. We maintain our belief that the underpinnings of growth are not solid, and a more permanent correction is inevitable. However, the warning signals have abated and should be heeded."
Raised FY12/13 EBITDA estimates on LVS from $3,508/$3,821MM to $3,537/$4,007MM respectively. Issues FY14 EBITDA estimates of 4,259MM.
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 $53.56 yesterday.
The analyst comments, "Economic miracles apparently do happen, at least in the short-run. The epic pace of property appreciation in China, followed by only a very modest correction represents one of the first soft landings in modern history. Our contrarian call one-year ago was on point, only the hard landing we projected has been avoided (or delayed, in our opinion). The macro environment has stabilized and Macau gaming revenues have exhibited a re-acceleration of growth. We maintain our belief that the underpinnings of growth are not solid, and a more permanent correction is inevitable. However, the warning signals have abated and should be heeded."
Raised FY12/13 EBITDA estimates on LVS from $3,508/$3,821MM to $3,537/$4,007MM respectively. Issues FY14 EBITDA estimates of 4,259MM.
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 $53.56 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
- KP Tissue Inc. (KPT:CN) (KPTSF) PT Raised to Cdn$13.50 at Desjardins
- Calian Group Ltd (CGY:CN) (CLNFF) PT Raised to Cdn$109 at Desjardins
Create E-mail Alert Related Categories
Analyst PT Change, UpgradesSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
