Wells Fargo analyst Daniel Politzer raised the firm’s price target on Las Vegas Sands to $65 from $53 and keeps an Overweight rating on the shares. The firm notes Las Vegas Sands reported an upside Q4 property EBITDA result, driven by Singapore strength. More importantly, Las Vegas Sands’ real-time commentary on Macau’s rapidly recovering GGR, currently outpacing visitation, could not have been more upbeat, Wells says.
Published first on TheFly
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