Stifel Lowers Las Vegas Sands Price Target to $72, Citing Macau Margin Pressures
Stifel reduced its 12-month price target for Las Vegas Sands to $72 from $75 while retaining a Buy rating, highlighting weakness in Macau hold-adjusted EBITDA margins and the absence of recovery signs in the base mass segment. The company continues to report robust results in Singapore, and analysts’ targets still sit above the current share price …