NEW YORK (TheStreet) -- Las Vegas Sands  (LVS - Get Report)  stock was upgraded to "buy" from "neutral" in a note released at Bank of America/Merrill Lynch earlier today.

The firm increased its price target to $63 from $52 on shares of the Las Vegas-based casino operator.

The stock is under-owned, and consensus estimates will likely move higher in coming quarters, BofA/Merrill Lynch said in a note cited by TheFly.

Shares were largely flat in late-afternoon trading on Tuesday.

Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.

Las Vegas Sands' strengths such as its solid stock price performance, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures outweigh the fact that the company has had somewhat weak growth in earnings per share.

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

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 article's author.