UPDATE - Deutsche Bank Initiates Coverage on Las Vegas Sands (LVS) with a Buy; Overhangs Have Created Favorable Entry Point for Extended Bull Run

UPDATE - Deutsche Bank initiates coverage on Las Vegas Sands (NYSE: LVS) with a Buy rating. PT $61.

Deutsche analyst says, "At present, we believe LVS is the most compelling stock, and story, in our coverage universe given an undemanding valuation and a slew of underappreciated growth drivers."

"We see�acurrent valuation which reflects: 1) a tangible overhang from what we
think will be a less than eventful FCPA investigation and 2) a draconian skewing macro view. We think both factors have created a significantly favorable risk/reward scenario and entry point, into what we think, will be an extended�growth story driven by underappreciated operational and development growth potential in Macau, VIP gaming trajectory in Singapore, a number of needle moving catalysts, and a free cash flow/balance sheet story that we believe is the polar opposite of the 2008 recession story."

To see more ratings on LVS, Click Here

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