Las Vegas Sands To Benefit From Macau's Recovery, Offers 'Compelling' Opportunity: Analyst
Portfolio Pulse from Priya Nigam
Las Vegas Sands Corp. (NYSE:LVS) shares rose amid news of Macau's recovery, with Mizuho Securities highlighting the company's potential to benefit from the market's mass recovery. Analyst Ben Chaiken initiated coverage with a Buy rating and a $70 price target, citing strategic investments in Macau and Singapore and the potential for significant share repurchases over the next three years.
March 26, 2024 | 3:27 pm
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Las Vegas Sands Corp. is poised for growth with Macau's recovery, backed by a Buy rating and a $70 price target from Mizuho Securities. The company's focus on mass-market customers in Macau and strategic investments are expected to drive its performance.
The positive outlook from Mizuho Securities, including a Buy rating and a $70 price target, reflects confidence in Las Vegas Sands' recovery and growth potential, especially in the Macau market. The company's strategic focus on mass-market customers and investments in Macau and Singapore are key drivers. The analyst's expectation of significant share repurchases further underscores the company's financial strength and commitment to shareholder value.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100