Las Vegas Sands price target lowered to $47 from $57 at Mizuho

Mizuho analyst Ben Chaiken lowered the firm’s price target on Las Vegas Sands (LVS) to $47 from $57 and keeps an Outperform rating on the shares. The firm says sequential share losses and margin compression weighed on the company’s results. It sees valuation support for the shares, but says Macau lacks catalysts and estimates should be revised lower.