Las Vegas Sands (LVS) Receives a Buy from Deutsche Bank

Deutsche Bank analyst Carlo Santarelli maintained a Buy rating on Las Vegas Sands (LVSResearch Report) today and set a price target of $60.00. The company’s shares closed last Wednesday at $44.12.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 23.2% and a 60.3% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Caesars Entertainment.

Las Vegas Sands has an analyst consensus of Moderate Buy, with a price target consensus of $51.00, implying a 12.7% upside from current levels. In a report issued on January 16, Goldman Sachs also maintained a Buy rating on the stock with a $66.00 price target.

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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 $857 million and GAAP net loss of $368 million. In comparison, last year the company earned revenue of $446 million and had a GAAP net loss of $565 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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