Las Vegas Sands (LVS) PT Lowered to $65 at Mizuho

Mizuho lowered its price target on Las Vegas Sands (NYSE: LVS) to $65.00 (from $70.00) while maintaining a Buy rating.

The analyst commented: "Our $65 price target (vs. $70 previously) is based on a SOP analysis, applying 11x to our ’25E Macau EBITDA of ~$2.9bn implying value of $24/share, 13x to Singapore ’25E EBITDA of ~$2.2bn implying value of $41/share, corp/parent co drag of $6/share, and two years of FCF of $6/share."

You May Also Be Interested In

• Jersey Mike's Subs (JMKE) PT Lowered to $29 at Mizuho
• UBS Starts Persimmon Plc. (PSN:LN) (PSMMY) at Buy
• Mortgage Advice Bureau Holdings (MAB1:LN) PT Lowered to GBP9.75 at Berenberg