NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp (LVS) were trading lower by 0.24% to $50.85 Monday morning, after analysts at Goldman Sachs cut their rating on the company to "neutral" from "buy."
The firm also decreased its price target to $52 from $60, saying the casino operator faces tough challenges in its two largest gaming markets, the U.S. and Macau.
Goldman Sachs analysts believe the company has over-exposure to Macau, the only region in China where gambling is legal.
Last Friday, analysts at Barclays lowered their price target on shares of Las Vegas Sands to $55 from $59.
The firm kept its "overweight" rating, and said the Macau gaming market continues to face ongoing persistent headwinds.
Las Vegas-based Las Vegas Sands develops, owns, and operates integrated resorts in Asia and the U.S.
The company owns the Venetian Macao Resort Hotel, Sands Cotai Central, the Four Seasons Hotel Macao, the Plaza Casino, and the Sands Macao in Macau, the People's Republic of China.
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. We feel its strengths outweigh the fact that the company has had sub par growth in net income."