January 10, 2013 at 09:15 AM EST
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 Dividend.com 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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