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Las Vegas Sands Stock Slips on Downgrade
LVSLVSC(LVS) Schaeffers Investment Research·2024-08-23 15:07

Shares of Las Vegas Sands Corp (NYSE:LVS) are down 1.4% at 40.49atlastglance,afteradowngradefromUBSto"neutral"from"buy."Thefirmalsothrewinaprice−targetcutto40.49 at last glance, after a downgrade from UBS to "neutral" from "buy." The firm also threw in a price-target cut to 49 from 70. ThisnegativepriceactionhasLVSontracktopostitssecondlossineightsessions,afterthesharesyesterdaysnappedaseven−daywinstreak.ThecasinostockhasbeenclimbingsinceitsAug.5,52−weeklowof70. This negative price action has LVS on track to post its second loss in eight sessions, after the shares yesterday snapped a seven-day win streak. The casino stock has been climbing since its Aug. 5, 52-week low of 36.62, though still sporting a 17.7% year-to-date deficit. A short-term dip could've already been in the ...