UBS Downgrades Las Vegas Sands to Neutral, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Robin Farley has downgraded Las Vegas Sands (NYSE:LVS) from Buy to Neutral and reduced the price target from $70 to $49.
August 23, 2024 | 12:10 pm
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UBS has downgraded Las Vegas Sands from Buy to Neutral, with a significant reduction in the price target from $70 to $49, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by UBS, along with a substantial cut in the price target, suggests a less favorable view on Las Vegas Sands' future performance. This is likely to negatively impact the stock price in the short term as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100