Las Vegas Sands price target raised to $97 from $92.50 at Citigroup Citigroup raised its price target for shares of Las Vegas Sands to $97 citing strong growth trends in Macau and Las Vegas. Citi calls Las Vegas Sands its top pick in the U.S. large-cap gaming space and keeps a Buy rating on the stock.
Deutsche cuts 2015 Macau growth forecast to down 21.4% Deutsche Bank lowered its 2015 Macau gross gaming revenue forecast to down 21.4% from down 8.4% saying the demand issues will not be solved by expanding capacity. The firm's confidence in a Macau turnaround remains "muted," but it continues to view shares of MGM Resorts (MGM) as "meaningfully undervalued." It views Buy-rated Wynn Resorts (WYNN) as better suited for longer term investors at this stage, and lowered its price target for the stock to $170 from $176. Deutsche also cut its price target for Hold-rated Las Vegas Sands (LVS) to $49 from $53.