Las Vegas Sands slides after Macau gaming revenue stats release Macau reported casino revenue up 9.3% in May, which lagged some estimates. The shares are down over 2.9% at time of writing to $75.11. At that price, next support is at $74.20 which is the session low. Resistance is at $76.52.
News For LVS From The Last 14 Days
Check below for free stories on LVS the last two weeks.
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.