Stifel lowered the firm’s price target on Las Vegas Sands (LVS) to $64 from $66 and keeps a Buy rating on the shares. Macau-centric stocks “remain somewhat out of favor,” but the firm believes Las Vegas Sands should be in a favorable position over the next six months as market share gains seem “inevitable,” the analyst tells investors. The firm sees “a clear path to $60+/share in the near-term as investors grow more comfortable with the Macau/Singapore landscape,” the analyst added.
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