Stifel analyst Steven Wieczynski raised the firm’s price target on Las Vegas Sands (LVS) to $73 from $66 and keeps a Buy rating on the shares. With fears increasing on the long-term health of the U.S. consumer, Stifel believes owning Las Vegas Sands and their Macau-centric peers, Wynn Resorts (WYNN) and MGM Resorts (MGM), presents the "best risk/reward setup" if the domestic consumer softens. If the U.S. consumer does decline, the pent-up demand from China’ and Singapore’s only gaming market should be heathy for another 12 months.
Published first on TheFly
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