Shares of Las Vegas Sands (NYSE: LVS) are already up 26.77% year-to-date, underscoring surprising veracity with the Macau rebound. Some analysts believe the stock is primed for more upside.
In a new report to clients, Morgan Stanley analyst Stephen Grambling called Sands the firm’s top casino stock pick — a proclamation that arrives ahead of the company’s second-quarter earnings report due out on Wednesday, July 19. Macau, where Sands’ Sands China runs five casino resorts, is a significant factor in Wall Street’s upbeat view of the stock.
In a new report to clients, Morgan Stanley analyst Stephen Grambling called Sands the firm’s top casino stock pick — a proclamation that arrives ahead of the company’s second-quarter earnings report due out on Wednesday, July 19. Macau, where Sands’ Sands China runs five casino resorts, is a significant factor in Wall Street’s upbeat view of the stock.