Casino operator Las Vegas Sands Corp. (LVS) on Thursday caught some further bullish commentary from analysts at Deutsche Bank.
The firm maintained its “Buy” rating on LVS and lifted its price target to $68, suggesting a 15% upside to the stock’s Wednesday closing price of $59.63. Deutsche Bank also increased its earnings estimates for the company through 2013, noting that its Macau resort continues to drive growth.
Las Vegas Sands shares were mostly flat in morning trading Thursday.
The Bottom Line
Shares of Las Vegas Sands (LVS) have a 1.68% dividend yield, based on last night’s closing stock price of $59.63. The stock has technical support in the $53-$55 price area. If the shares can firm up, we see overhead resistance around the $67-$68 price levels.
Las Vegas Sands Corp. (LVS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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