Jefferies analyst David Katz raised the firm’s price target on Las Vegas Sands (LVS) to $78 from $65 and keeps a Buy rating on the shares. The Marina Bay Sands upgrades in Singapore should set a new earnings level approaching $3B of EBITDA for Las Vegas Sands, Jefferies told investors in a research note. With same-store growth very limited, the firm believes upside opportunities are best in internal and new market capital growth. Jefferies updated FY26 estimates and launched FY27 estimates, which the firm said “substantiate” its upside cases for these Buy-rated names.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LVS:
- Las Vegas Sands put volume heavy and directionally bearish
- Midday Fly By: Intel eyes SambaNova, Cencora to acquire OneOncology
- Morning Movers: iRobot sinks after declaring bankruptcy
- Las Vegas Sands upgraded to Buy from Neutral at Goldman Sachs
- Las Vegas Sands price target raised to $68 from $67 at UBS