Jefferies analyst David Katz raised the firm’s price target on Las Vegas Sands to $66 from $64 and keeps a Buy rating on the shares. Following property tours and management meetings in Macau and Singapore, the firm said its confidence in the recovery and capital spending for Las Vegas Sands is higher and it has raised its valuation multiple to reflect accelerating Macau trends and higher MBS estimates.
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Published first on TheFly
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