Monday, April 20, 2009

RF Position Update: LVS

JP Morgan Upgrades LVS to Overweight - Price Target - $8

Highlights:
-JPMorgan analyst Joseph Greff has a year-end price target of $8.

-Greff gave for the improved outlook were "reasonable near-term and achievable expectations" for the company's Las Vegas Strip properties

-Those properties are outperforming their peers; stabilization of its Macau properties' operations and the potential for continued improved investor sentiment in front of its early 2010 opening of its Singapore property.

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