Argus analyst John Staszak lowered the firm’s price target on Las Vegas Sands to $68 from $72 but keeps a Buy rating on the shares after its Q2 results. Travel restrictions in China have ended, which should help to boost traffic at the company’s casinos in Macau, the analyst tells investors in a research note, adding that over the long term, Las Vegas Sands should benefit from its ability to win new casino licenses and expand in Macau.
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