Shares of Las Vegas Sands (LVS) - Get Report are rising Monday after analysts at Deutsche Bank upgraded the stock to buy from hold while raising the price target to $70 from $69. 

The price target represents a potential upside of 25% from the stock's closing price on Friday. Las Vegas Sands shares are rising 2.4% to $57.53 Monday morning. 

Analyst Carlo Santarelli believes LVS currently has an attractive entry point, thanks to bearish sentiment on gross gaming revenue growth in Macau, the Chinese gaming hub. 

"From a trading perspective, we believe LVS has largely priced in the primarily Macau based headwinds that have impacted the business. In 2019, which has experienced ebbs and flows in sentiment, Macau fundamentals, and geopolitical turmoil and rhetoric, shares have traded in a fairly wide range between $51 and $69," Santarelli said. 

The firm provided downside risks of new competition, Macau losses in excess of what it already anticipates and currency manipulation by China that could also hurt Macau returns.