Deutsche Bank Keeps Their Buy Rating on Las Vegas Sands (LVS)

Deutsche Bank analyst Carlo Santarelli maintained a Buy rating on Las Vegas Sands (LVSResearch Report) on October 20 and set a price target of $50.00. The company’s shares opened today at $35.23.

According to TipRanks, Santarelli is a 5-star analyst with an average return of 16.1% and a 51.97% success rate. Santarelli covers the Services sector, focusing on stocks such as Caesars Entertainment, Golden Entertainment, and Boyd Gaming.

In addition to Deutsche Bank, Las Vegas Sands also received a Buy from Citigroup’s George Choi in a report issued on October 20. However, on October 13, Bank of America Securities upgraded Las Vegas Sands (NYSE: LVS) to a Hold.

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Based on Las Vegas Sands’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.01 billion and a GAAP net loss of $239 million. In comparison, last year the company earned a revenue of $857 million and had a GAAP net loss of $368 million

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Founded in 2004, Nevada-based Las Vegas Sands Corp. is a leading global developer of destination properties that feature accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. It operates integrated resorts in Asia and the United States.

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