Las Vegas Sands rises after Jefferies upgrades to 'buy', hikes PT

Las Vegas Sands

03/01/2025 12:52

** Shares of casino operator Las Vegas Sands Corp  LVS.N  up
2.7% at $51.22, premarket
    ** Brokerage Jefferies raises the stock to "buy" from
"hold"; raises PT to $69 from $60
    ** Jefferies expects co's strategic upgrades and strong
balance sheet to contribute to strong performance in the coming
years
    ** LVS' focus on upgrades in Macau and Singapore to benefit
2025-26 estimates, while also using its sector-leading B/S
(balance sheet) to repurchase more shares than past - brokerage
    ** 15 of 20 brokerages rate the stock "buy" or "higher", 5
"hold"; with a median PT of $60, according to data compiled by
LSEG
    ** Stock was up 4.4% in 2024

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.Chaudhary@thomsonreuters.com))