Las Vegas Sands (LVS) Sell-Off Creates Buying Chance - Imperial Capital
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Price: $46.01 -1.18%
Rating Summary:
27 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
27 Buy, 12 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Imperial Capital reiterated an Outperform rating and $62 price target on Las Vegas Sands (NYSE: LVS) Wednesday.
"The LVS shares are currently trading at an 11.7x TEV multiple based on our estimated consolidated 2013 results, which is down from 13.2x at the beginning of June," analyst Gregg Klein notes. "The shares have traded off over the past week due to fears that the economy in China is slowing down and that VIP junket play could decline due to tighter credit market conditions on the mainland. We think this sell-off creates a buying opportunity, which supports our Outperform rating and $62 price target on the LVS shares."
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 $50.71 yesterday.
"The LVS shares are currently trading at an 11.7x TEV multiple based on our estimated consolidated 2013 results, which is down from 13.2x at the beginning of June," analyst Gregg Klein notes. "The shares have traded off over the past week due to fears that the economy in China is slowing down and that VIP junket play could decline due to tighter credit market conditions on the mainland. We think this sell-off creates a buying opportunity, which supports our Outperform rating and $62 price target on the LVS shares."
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 $50.71 yesterday.
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