UPDATE: Jefferies Downgrades Las Vegas Sands (LVS) to Hold

September 17, 2021 5:32 AM EDT
Get Alerts LVS Hot Sheet
Price: $39.65 -1.61%

Rating Summary:
    18 Buy, 19 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 18 | New: 17
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(Updated - September 17, 2021 8:27 AM EDT)

Jefferies analyst David Katz downgraded Las Vegas Sands (NYSE: LVS) from Buy to Hold with a price target of $40.00 (from $60.00).

The analyst commented, "Our change in view is driven by three factors: 1) the persistent restrictions from COVID, which could continue in a zero-tolerance context; 2) the pending uncertainties around the Macau concession and its growth and return prospects; and 3) the divestiture from the fundamentally positive US market without alternative avenues of growth. The <2x balance sheet provides downside support, but growth uncertainty leaves little reason for upside. Downgrading to Hold."

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 $37.52 yesterday.

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