Barclays analyst Brandt Montour lowered the firm’s price target on Las Vegas Sands (LVS) to $58 from $61 and keeps an Overweight rating on the shares as a part of a Q4 preview for the gaming space. Vegas, Macau and digital prints all likely to “underwhelm,” but this seems priced in, while “beaten-down regionals” could exceed low expectations and give newfound hope for modest growth, the analyst tells investors in a research note. The firm expects the Q4 gaming reports to come in positively for regionals.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LVS:
- Unusually active option classes on open January 21st
- LVS Earnings this Week: How Will it Perform?
- Lilly cuts FY24 outlook, United Rentals to acquire H&E: Morning Buzz
- Visa upgraded, MasterCard downgraded: Wall Street’s top analyst calls
- Las Vegas Sands downgraded to Equal Weight from Overweight at Morgan Stanley