The firm said it lowered its rating on the resorts and casinos operator as growth in the Macau gambling district has started to slow down.
Gamblers have started to avoid the China-owned island due to a smoking ban, modest credit growth, a slump in real estate prices, and restrictions on visas, theflyonthewall.com reports.
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Shares of Las Vegas Sands are down -0.14% to $63.45 in pre-market trading today.
Separately, TheStreet Ratings team rates LAS VEGAS SANDS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate LAS VEGAS SANDS CORP (LVS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."