Las Vegas Sands Shares Climb on Analyst Upgrade
Luck might be turning for shareholders of Las Vegas Sands and Wynn Resorts.
After years of getting crushed at the tables, luck might be turning for shareholders of Las Vegas Sands (LVS) - Get Report and Wynn Resorts (WYNN) - Get Report . Shares of casino and resort operator Las Vegas Sands were upgraded by Argus Research to BUY from HOLD in a Wednesday investment note, citing rebounding growth in summer gaming revenue in Macau, a market whose growth had previously been a central concern of gaming analysts. Las Vegas Sands and Wynn, both members of Real Money's Vice Squad watch list, have seen their shares surge since late June.
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