NEW YORK (TheStreet) -- Las Vegas Sands (LVS) shares had their "outperform" rating and $88 price target maintained by analysts at Barclays (BCS) who also raised its property level Macau EBITDA projections to $865.1 million from $816.8 million on Monday.
The improved outlook is based on better than expected mass gaming results from the Chinese gaming destination.
Las Vegas Sands shares are down -0.3% to $77.68 in early market trading today.
Must Read: Warren Buffett's 25 Favorite Stocks
TheStreet Ratings team rates LAS VEGAS SANDS CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate LAS VEGAS SANDS CORP (LVS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."