Las Vegas Sands – Highlighting Some Excellent Work - Notes From Howard Jay Klein And IAG
Portfolio Pulse from Gary Brode
Howard Jay Klein, an advisor and author, published an article with a positive outlook on Las Vegas Sands (NYSE:LVS), setting a price target of $70. Additionally, Inside Asian Gaming released a video showing LVS's market share gains in Macau, contrasting with Wynn Resorts' (NASDAQ:WYNN) share loss after disappointing 3Q earnings. LVS's share of total casino win in Macau rose to 26.9%, and its share of adjusted property EBITDA increased to 34.9%. LVS was not negatively impacted by WYNN's poor quarter.
November 17, 2023 | 1:52 pm
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POSITIVE IMPACT
Howard Jay Klein set a positive price target of $70 for Las Vegas Sands, and the company showed market share gains in Macau, indicating strong performance.
The positive price target from a reputable advisor and the reported gains in market share in Macau are strong indicators of Las Vegas Sands' robust performance, which could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Wynn Resorts faced a decline in stock price following disappointing 3Q earnings and a loss in market share in Macau, as reported by Inside Asian Gaming.
Wynn Resorts' disappointing third-quarter earnings and the loss of market share in Macau could continue to negatively impact investor sentiment and the stock price in the short term, especially in comparison to its competitor Las Vegas Sands.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80