Las Vegas Sands downgraded to Neutral from Buy at UBS UBS downgraded Las Vegas Sands to reflect the slowdown in Macau VIP end demand driven by China macro trends and increased cautiousness among junkets. Price target lowered to $79 from $88.
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.