Las Vegas Sands price target lowered to $65 from $70 at Mizuho

Mizuho lowered the firm’s price target on Las Vegas Sands to $65 from $70 and keeps a Buy rating on the shares post the Q1 report. The analyst believes the net result should be lower Street estimates in 2025 and potentially 2025 as well. However, “exceptional” results in Singapore, declining capex, and a supportive valuation warrant a constructive stance, the analyst tells investors in a research note.