Analysts at Deutsche Bank released a note on Friday about hotel and gaming operator Las Vegas Sands Corp. ( LVS ) saying that they have a positive view of the company and like its risk/reward opportunity.
Deutsche Bank has this view on LVS despite the drag that operations in Singapore have put on the company. Analyst Carlo Santarelli said, "At present, we see limited downside in the stock and subsequently, we are buyers here on favorable risk/reward, but recognize that Singapore ambiguity, the fear that MBS could lead numbers lower again, and limited identifiable near term positive catalysts, could lead to range bound trading in the NT."
The analysts give Las Vegas Sands a "Buy" rating with a price target of $52. This valuation is a +28.2% upside from Thursday's closing price of $40.56.
Las Vegas Sands shares were up $2.09, or +5.15%, in premarket trading on Friday.
The Bottom Line
Shares of Las Vegas Sands ( LVS ) have a 2.47% dividend yield, based on last night's closing stock price of $40.56. The stock has technical support in the $36-$39 price area. If the shares can firm up, we see overhead resistance around the $45-$46 price levels.
Las Vegas Sands Corp. ( LVS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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