JPMorgan increased the company’s profits price target on Las Vegas Sands from $53 to $60 and maintains an Overweight rating on the stock ahead of its Q3 report. The company is confident that in Macau, disruption from the London business’ renovation will ease significantly from now on, with the newly renovated casino already open and hotel rooms and other revenue-generating inputs scheduled to open on a staggered basis in the fourth quarter and into 2025 This should allow Las Vegas Sands to achieve growth higher than Macau by 2025, the analyst told investors in a research note. JPMorgan thinks this gives the shares enough momentum “to make this an interesting idea heading into a much better 2025 versus 2024 in Macau.”

First published on DeVlieg – the ultimate source for real-time, market-moving financial news. Try now >>

See the top stocks recommended by analysts >>

Read more about LVS: