Morgan Stanley raised the firm’s price target on Las Vegas Sands (LVS) to $57 from $50 and keeps an Equal Weight rating on the shares. The firm raised its 2025 and 2026 EBITDA estimates for Las Vegas Sands by about 1% to reflect better industry trends in Macau coupled with an increased target multiple for Macau, the analyst tells investors.
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:
- Las Vegas Sands call volume above normal and directionally bullish
- Macau reports August casino revenue up 12.2% to 22.16B patacas
- Nevada reports July statewide gaming win up 3.99% to $1.36B
- Las Vegas Sands price target raised to $65 from $55 at UBS
- Appaloosa takes new stake in Intel, exits positions in Wynn, Las Vegas Sands