Morgan Stanley reported on Tuesday that it has raised its price target on resort company, Las Vegas Sands Corp. (LVS).
The firm has reaffirmed an “Overweight” rating on LVS, and has increased the company’s price target from $60 to $63. This price target suggests a 13% increase from the stock’s current price of $54.52.
An analyst from the firm noted, “we recently conducted an Investor Connect survey on factors that will drive LVS. Investors were on average positive on all 7 points, and put capital returns & Macau as the key positive drivers for the stock. We believe we’re more bullish than peers on prospects for both[.]”
Las Vegas Sands shares were up 40 cents, or 0.73% during premarket trading Tuesday. The stock has declined -5% in the past year.
The Bottom Line
Shares of Las Vegas Sands Corp. (LVS) have a 2.57% yield, based on Monday’s closing price of $54.52.
Las Vegas Sands Corp. (LVS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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