Las Vegas Sands (LVS) PT Raised to $52 at Mizuho
Mizuho raised its price target on Las Vegas Sands (NYSE: LVS) to $52.00 (from $51.00) while maintaining a Outperform rating.
The analyst commented: "Heading into earnings we highlighted risk to estimates in both Macau and Singapore (weak Singapore visitation and Londoner disruption/low-end Macau weakness), with 2Q playing out below our Street-low estimates. LVS reported Marina Bay Sands (MBS) hold-adjusted EBITDA of ‾$448m (vs our $483m and street $489m), we believe buyside bar was around $500m. In Macau hold-adjusted EBITDA was $565m (vs our $581m and Street $609m), we believe buyside bar was around $590m."