Las Vegas Sands Corp. (LVS) is receiving positive attention from analysts after exceeding expectations in Macau, despite missing earnings and revenue estimates for the third quarter. Morgan Stanley and Stifel both maintain bullish ratings on LVS, citing Macau’s robust recovery and the company’s dominant position in the world’s top gaming market. With strong growth in Macau and positive outlook for the region, Las Vegas Sands looks poised for continued success.
Las Vegas Sands Corp. (LVS) shares took a significant hit on Tuesday, dropping over 3% in response to a dramatic selloff in Chinese markets. The Hang Seng Index, a key indicator of the Chinese stock market, plummeted over 9%, marking its worst single-day performance since 2008. This decline, fueled by investor disappointment over the lack of bold fiscal stimulus from Beijing, sent ripples through companies with substantial exposure to China, including Las Vegas Sands, which relies heavily on its Macau operations.
