Wells Fargo lowered the firm’s price target on Las Vegas Sands (LVS) to $65 from $68 and keeps an Equal Weight rating on the shares. The firm’s long-term view on U.S. land-based gaming is unchanged. In its 2026 outlook, Wells said a benign regional supply environment could normalize promotional spend, but this should be more than offset by land-based gaming ceding share to digital gaming. The firm prefers whole-company operators with competitive moats and/or development opportunities. Wells is generally in-line with the Street on Regional EBITDA/R in light of solid Q1 gaming trends.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LVS:
- Ohio lawmaker introduces bill to increase gambling taxes, News 5’s Trau reports
- Citi ups Las Vegas Sands target, opens ‘upside 30-day catalyst watch’
- Las Vegas Sands price target raised to $67 from $66 at Morgan Stanley
- Appeals court rules NJ can’t stop Kalshi bets on sports, Reuters says
- Netflix upgraded, Carvana downgraded: Wall Street’s top analyst calls