Las Vegas Sands price target raised to $71 from $69 at JPMorgan

JPMorgan analyst Joseph Greff raised the firm’s price target on Las Vegas Sands to $71 from $69 and keeps an Overweight rating on the shares. The Q1 results reaffirm the Macau recovery and Singapore momentum thesis, the analyst tells investors in a research note. Even more impressive is that the Q1 performance was achieved with 31% of the company’s Macau hotel rooms base out of service, says the firm.