BUZZ-Las Vegas Sands rises after Jefferies upgrades to 'buy', hikes PT

Reuters

Jan 03, 2025

** Shares of casino operator Las Vegas Sands Corp LVS.N up 2.7% at $51.22, premarket

** Brokerage Jefferies raises the stock to "buy" from "hold"; raises PT to $69 from $60

** Jefferies expects co's strategic upgrades and strong balance sheet to contribute to strong performance in the coming years

** LVS' focus on upgrades in Macau and Singapore to benefit 2025-26 estimates, while also using its sector-leading B/S (balance sheet) to repurchase more shares than past - brokerage

** 15 of 20 brokerages rate the stock "buy" or "higher", 5 "hold"; with a median PT of $60, according to data compiled by LSEG

** Stock was up 4.4% in 2024

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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