Morgan Stanley raised the firm’s price target on Las Vegas Sands (LVS) to $55 from $50 and keeps an Overweight rating on the shares. Overall, Q3 brick and mortar trends were “sluggish,” but digital has been “robust,” says the analyst, who raised the firm’s online sports betting market size estimate but lowers flow-through estimates in conjunction with a Q3 preview for the casino gaming group.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LVS:
- Las Vegas Sands (LVS) Q3 Earnings Cheat Sheet
- Bet On It: Diamond Sports and FanDuel reach naming rights agreement
- Las Vegas Sands put volume heavy and directionally bearish
- Las Vegas Sands price target raised to $58 from $52 at Barclays
- Las Vegas Sands price target raised to $59 from $51 at Susquehanna