Las Vegas Sands upgraded to Buy from Hold at Argus Argus upgraded Las Vegas Sands based on Macau prospects driven by an improving Chinese economy, limited supply growth, strong food and beverage sales, and higher retail tenant rent.
News For LVS From The Last 14 Days
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BofA/Merrill lowers Macau forecasts BofA/Merrill lowered its 2014 Macau gross gaming revenue forecast to +5% year-over-year from +12% due to a slowdown in July mass trends. As a result, the firm lowered Las Vegas Sands' (LVS) price target to $88 from $95 and Wynn Resorts' (WYNN) to $260 from $270.