JP Morgan Maintains Overweight on Las Vegas Sands, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Joseph Greff maintains an Overweight rating on Las Vegas Sands (LVS) but lowers the price target from $59 to $55.
April 18, 2024 | 11:00 am
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JP Morgan maintains an Overweight rating on Las Vegas Sands but lowers the price target from $59 to $55.
The adjustment in price target by JP Morgan reflects a nuanced view on Las Vegas Sands' valuation, suggesting a slightly reduced but still positive outlook. While the Overweight rating indicates continued confidence in the company's fundamentals, the lowered price target may temper short-term expectations among investors.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100