Mizuho raises Las Vegas Sands stock price target, keeps Outperform rating By Investing.com
Mizuho Securities has updated its outlook on Las Vegas Sands Corp (NYSE: NYSE:), increasing the price target to $57.00 from the previous $52.00, while reaffirming the Outperform rating on the stock.
The adjustment follows the company’s earnings report, which revealed hold-adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for its Macau operations.
Las Vegas Sands reported hold-adjusted EBITDA in Macau at $583 million, excluding Ferry operations, surpassing the Street’s expectation of $565 million.
Analysts had anticipated that the performance bar was around $560 million, suggesting the results should be satisfactory to investors. Conversely, the company’s Singapore operations yielded a hold-adjusted…
