Lazard Increases Price Target on Las Vegas Sands (LVS)

Lazard reported on Thursday that they have increased their price target for Las Vegas Sands Corp.(LVS).

The firm, which currently has a “Buy” rating on LVS has raised the company’s price target to $59. This price target suggests a 10% increase from the stock’s current price of $52.88.

Analysts believe that the company will see a higher volume of growth in Macau.

Las Vegas Sands shares were up 49 cents, or 0.93% during premarket trading Thursday. The stock has increased 24% in the past year.

The Bottom Line
Shares of Las Vegas Sands (LVS) have a 1.91% dividend yield, based on last night’s closing stock price of $52.41. The stock has technical support in the $46-$49 price area. If the shares can firm up, we see overhead resistance around the $55-$56 price levels.

Las Vegas Sands Corp.(LVS) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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