Las Vegas Sands price target lowered to $61 from $62 at Macquarie

Macquarie lowered the firm’s price target on Las Vegas Sands to $61 from $62 and keeps an Outperform rating on the shares. The company reported a slight Q1 beat, aided by lucky Singapore hold, which more than offset unfavorable Macau hold, the analyst tells investors in a research note. The firm says that while ongoing Macau construction remains an impact, it sets up Las Vegas Sands for a much stronger competitive position in 2025.