Current valuation on LVS shares is \u201cpredicated primarily on choppy top line trends in Macau, which we believe are largely a function of geopolitical headwinds,\u201d said Santarelli.<\/span><\/p>\n<\/div>\nWith Santarelli’s Monday upgrade of LVS shares, there are seven analysts rating the stock \u201cbuy,\u201d five with \u201coutperform\u201d marks on the name, and eight that call it a \u201chold.\u201d The Deutsche Bank analyst’s price forecast of $70 is in line with the Wall Street average.<\/p>\n
Macau Buffer<\/h2>\n
The Marina Bay Sands, one of just two Singapore casinos, is a property that could help Sands weather some of the aforementioned Macau volatility.<\/p>\n
That property stands to benefit \u201cfrom the \u201cstemming of the [Hong Kong] protests and the longer-term benefits from the MBS hotel and amenities expansion,<\/strong>\u201d said Santarelli.<\/p>\nLVS recently procured a $2.71 billion credit facility that is expected to be used for expansion plans at Marina Bay Sands, the world’s most profitable casino. Earlier this year, the company said it’s planning to spend up to $3.3 billion on expansion and enhancements at that venue through 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"
Shares of Las Vegas Sands Corp. (NYSE:LVS) soared 3.41 percent Monday, extending a run that has seen the stock jump more than four percent this month, after an analyst boosted his rating and price target on the casino operator. In a note out Monday, Deutsche Bank analyst Carlo Santarelli raised his rating on the operator […]<\/p>\n","protected":false},"author":46,"featured_media":114467,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Las Vegas Sands Draws More Analyst Support Amid Macau Slump<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n