Goldman Sachs Upgrades Las Vegas Sands (LVS) to Buy

Goldman Sachs upgraded Las Vegas Sands (NYSE: LVS) from Neutral to Buy with a price target of $52, suggesting 13% upside.

The analyst said "attractive geographic position (highest exposure to Asia), "same-store" sales and unit growth potential, strong balance sheet, and compelling valuation make LVS one of the most attractive stocks in our coverage universe."

Catalyst include: a generally upbeat analyst day on September 21; bullish
monthly stats out of Macau and Las Vegas, along with positive commentary out of Singapore; the potential for dividend activity; the phased opening of Sites 5 and 6; news about new market opportunities in Asia.

For more ratings news on Las Vegas Sands click here and for the rating history of Las Vegas Sands click here.

Shares of Las Vegas Sands closed at $45.85 yesterday.

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