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JPMorgan Analyst Upgrades Las Vegas Sands, Optimistic About Macau Gaming License Renewal Las Vegas Sands (LVS)

January 12, 2022
Source: benzinga.com benzinga.com
News Snapshot:
A day after casino stock Las Vegas Sands Corp. (NYSE: LVS ) was hit with a Wall Street downgrade, the stock bounced back on Tuesday when it was upgraded by another analyst. The Analyst: JPMorgan analyst Joseph Greff upgraded Las Vegas Sands from Neutral to Overweight and raised his price target from $36 to $48. Related Link: Las Vegas Pandemic Recovery Continues To Outpace Macau's, Casino Analyst Says The Thesis: In the upgrade note, Greff said Sands has been a major pandemic reopening trade laggard and negativity surrounding the company's Macau business is fully priced into the stock. "We note...
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