Citi analyst George Choi raised the firm’s price target on Las Vegas Sands to $76 from $73.50 and keeps a Buy rating on the shares following the Q4 beat. The results were achieved with hotels at both the Londoner and Marina Bay Sands not running at full capacity, which implies "there is plenty of head room" in further EBITDA recovery when the operator is back at full strength, the analyst tells investors in a research note. Citi ranks Las Vegas Sands its "Global Top Pick."
Published first on TheFly
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