Las Vegas Sands Stock Seen As 'Overly Compelling' As Analysts Highlight Macau Recovery, Project Return To 'Pre-Pandemic Levels'
Portfolio Pulse from Chris Katje
Las Vegas Sands Corp (NYSE:LVS) is receiving positive attention from analysts due to its strong position in Macau and the region's recovery. Despite missing Q3 earnings and revenue estimates, analysts from Morgan Stanley and Stifel maintain positive ratings and price targets, citing strong Macau results and future catalysts.
October 24, 2024 | 5:28 pm
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POSITIVE IMPACT
Las Vegas Sands is praised for its strong Macau performance despite missing Q3 estimates. Analysts maintain positive ratings and see potential upside due to Macau's recovery and strategic financial actions.
Analysts from Morgan Stanley and Stifel highlight strong Macau results, despite LVS missing Q3 estimates. The company's strategic actions, including a dividend increase and share buybacks, are expected to positively impact investor sentiment. The recovery in Macau and future catalysts like GGR data and political clarity are seen as potential drivers for further stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100