JPMorgan analyst Joseph Greff raised the firm’s price target on Las Vegas Sands to $68 from $55 and keeps an Overweight rating on the shares. The company’s Q4 hold-adjusted property level EBITDA results were better than expected, with upside in Singapore and a smaller EBITDA loss in Macau, the analyst tells investors in a research note. The firm says both markets in January are benefitting from the relaxation of travel restrictions from Mainland China.
Published first on TheFly
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