Las Vegas Sands (LVS) PT Bumped to $59 at Janney Capital; 'Neutral' Maintained

Janney Capital analyst Brian McGill bumped higher its fair value target on Las Vegas Sands (NYSE: LVS) to $59.00 (from $57.00) following results but maintained a Neutral rating.

McGill commented,"LVS reported 4Q14 revenue of $3.42B and adjusted EBITDA of $1.35B. This compared with consensus estimates of $3.49B and $1.18B. Adjusting for hold and a $90M property tax reassessment in Singapore, EBITDA would have been $1.18B. Our view of the stock is unchanged, as we believe the outlook for Macau is very uncertain. Our fair value moves to $59 (from $57) which is 13x our 2015 EBITDA plus $4 for the Parisian. We remain NEUTRAL"

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 $56.02 yesterday.

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