Las Vegas Sands Corp. (LVS)
by Zacks Equity ResearchMay 18, 2012 | Comments : 0 Recommended this article: (0)
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The company enjoys a revenue compound annual growth rate of over 20%. With the gradual recovery in global economy, the company is experiencing an increase in demand. Macao and Singapore operations continue to witness strong momentum. The business at Las Vegas, which was worst hit due to the economic slowdown, is also steadily improving.
Moreover, we view the company's Sand Cotai Central project as a long-term catalyst. Additionally, the company remains focused on enhancing shareholder value. Thus, we expect the company's earnings to increase going forward. Hence, we upgrade the stock from Neutral to Outperform.
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