Wells Fargo raised the firm’s price target on Las Vegas Sands to $60 from $53 and keeps an Overweight rating on the shares, while adding the stock to its Q4 Tactical Ideas List. The firm says Las Vegas Sands’ Q4 setup is attractive, with Macau EBITDA bottoming, Londoner casino opening early/in-time for Golden Week, and self-help positioning the company well into 2025 as both an idiosyncratic story and a Macau/China macro play.
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Read More on LVS:
- Macau reports September casino revenue up 15.5% to 17.25B patacas
- Early notable gainers among liquid option names on September 27th
- Sands China upgraded to Overweight from Equal Weight at Morgan Stanley
- Las Vegas Sands call volume above normal and directionally bullish
- Unusually active option classes on open September 26th