Las Vegas Sands price target lowered to $53 from $58 at Barclays

Barclays lowered the firm’s price target on Las Vegas Sands (LVS) to $53 from $58 and keeps an Overweight rating on the shares as part of a Q1 preview for the gaming sector. Underlying gaming markets are “generally behaving resiliently,” but a protracted economic slowdown will hurt Las Vegas more than regionals and digital, the analyst tells investors in a research note. The firm says the Macau segment “looks closest to de-risked.”