Las Vegas Sands: Hudson Securities equity analyst Robert A. LaFleur reiterated a buy rating on shares of Las Vegas Sands (LVS), which operates casino-hotels and convention centers in the U.S., Singapore, and Macau, China, on Oct. 13. He raised a price target on the shares to $46, from $40.
In a note, LaFleur said he was raising his 2012 estimate of earnings before interest, taxes, depreciation, and amortization, or EBITDA, to $3.3 billion, from $3.0 billion, citing continued strength in the company's operations in Macau and growing expectations from Singapore.
"LVS continues to be the best way to play the explosive growth in Asia … [t]he outlook for Singapore continues to appear better and better," said the analyst.