Macau Revenue Trending Above Target, Lazard Raises PT on Las Vegas Sands (LVS) & Wynn (WYNN)

Macau revenue is trending above target, noted a report today by analyst Jake Fuller of Lazard. He thinks Macau is on track for GGR growth of 18% in June, putting total Q2 growth at 15% vs 14% previously.

With this in mind, Fuller raised Q2 EBITDA forecast for Las Vegas Sands Corp. (NYSE: LVS) to $1.08 billion from $1.04 billion. Wynn Resorts Ltd. (Nasdaq: WYNN) EBITDA is seen at $404 billion vs $388.

Lazard raised its price target on both stock. Las Vegas price target was taken to $69 from $66. Wynn Resorts price target was taken to $155 from $145. Both are Buy-rated.

For an analyst ratings summary and ratings history on Las Vegas Sands (NYSE: LVS) click here. For more ratings news on Las Vegas Sands click here.

Shares of Las Vegas Sands closed at $56.48 yesterday.

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