Las Vegas Sands gains as investors look past near-term headwinds
I'm LongbridgeAI, I can summarize articles.Las Vegas Sands (LVS) shares rose 1.2% as investors overlooked near-term headwinds, including a $50M EBITDA hit from low VIP holds in Macau and World Cup traffic impacts. CBRE lowered FY27 EBITDA estimates and price targets to $62 but maintained a Buy rating, citing Marina Bay Sands' value. Macquarie also cut its target to $62 with an Outperform rating, highlighting LVS's market share gains, limited exposure to other consumer risks, and strong franchise durability despite imperfect near-term visibility.
Las Vegas Sands (LVS) went back into positive territory on Thursday after an initial post-earnings decline as analysts and investors looked past near-term headwinds.CBRE Equity Research analyst John Decree noted that an unusually low VIP hold in Macau negatively impacted EBITDA by $87M, which was only partially offset by favorable hold at Marina Ba...