Las Vegas Sands price target lowered to $58 from $59 at Susquehanna

Susquehanna lowered the firm’s price target on Las Vegas Sands (LVS) to $58 from $59 and keeps a Positive rating on the shares. The firm noted the shares are now trading at levels more reminiscent of positive sentiment/outlook for Macau during 4Q24 where it traded before the fear/impact of tariffs sent shares to trough levels in April. Susquehanna says they now see substantial company specific fundamentals that they believe can push the sahres into a higher range; improvng Macau trends and the end of signficiant construction disruption that negatively affected Macau.