Las Vegas Sands (LVS) Stock Moves Higher on Macau Sector Upgrade
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NEW YORK (TheStreet) -- Shares of Las Vegas Sands (LVS) are rising by 1.07% to $54.94 in early morning trading on Friday, after Macquarie Research upgraded the Macau casino sector to "neutral" as it is now seeing this year's gross gaming revenue to fall by 6%, Barron's reports.

Previously the firm saw Macau's revenue declining by 13% in 2016. The Macau gaming hub, the only area in China where gambling is legal has been struggling for more than a two years as the government's anticorruption crackdown has kept VIP players away from the tables.

The firm is expecting the sector to stabilize as it begins to attract new gamblers. "Macau's future depends on real estate developers and other small to medium enterprise business owners," Macquarie says, Barron's notes.

With China's struggling property market starting to see slight improvements, analysts are expecting the Macau sector decline to see a bottom.

Las Vegas Sands is a resort and casino operator in the U.S., Macau and Singapore.

Separately, TheStreet Ratings has set a "hold" rating and a score of C+ on Las Vegas Sands stock. The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

At the same time, however, TheStreet Ratings also finds weaknesses including deteriorating net income and feeble growth in the company's earnings per share.

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: LVS


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