Jefferies analyst David Katz raised the firm’s price target on Las Vegas Sands to $69 from $66 and keeps a Buy rating on the shares. The quarter "exceeded our optimistic Street-high expectations," primarily driven by high-end gaming in Macau, says the analyst, who adds that management commentary "continues to support our bullish stance" on accelerating earnings driven by the recovery and capital spending in both Macau and Singapore.
Published first on TheFly
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