Casino stocks extend selloff as J.P. Morgan adds downgrades to Macau uncertainty [Yahoo! Finance News]
Las Vegas Sands Corp. (LVS)
Last las vegas sands corp. earnings: 4/22 04:05 pm
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Source: Yahoo! Finance News
Shares of casino operators extended recent sharp selloffs on Thursday, as J.P. Morgan analyst Joseph Greff added the insult of downgrades to the injury of tighter Macau regulations.The gaming companies with Macau-centric operations have been hit hard this week since the government of Macau SAR (Special Administrative Region), China,recently recommendedOn Thursday, J.P. Morgan’s Greff downgraded Las Vegas Sands Corp., , , “In short, we don’t like the uncertainty and opacity surrounding Macau and China policy, particularly after this announcement, and particularly at a time when the Macau government is encouraging (preferring/sort of requiring) further potential meaningful capex in Macau/Hengqin island as a consideration of a license renewal,” Greff wrote in a research note to clients.Las Vegas Sands’ stock slumped 0.9% in afternoon trading, to sit just above the nine-year closing low of $36.77 hit on Aug. 19, while Wynn shares shed 1.9% toward a 10-month lo
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News
- Hudson Yards $12B casino hits major roadblock as NYC civic leaders push back over housing getting slashed [Yahoo! Finance]Yahoo! Finance
- Las Vegas Sands Corp. (NYSE:LVS) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Results: Las Vegas Sands Corp. Beat Earnings Expectations And Analysts Now Have New Forecasts [Yahoo! Finance]Yahoo! Finance
- Oil prices jump about 3% after explosions reported in Iran [Fortune]Fortune
- Las Vegas Sands Corp. (NYSE: LVS) had its price target lowered by analysts at Stifel Nicolaus from $70.00 to $65.00. They now have a "buy" rating on the stock.MarketBeat
LVS
Earnings
- 4/17/24 - Beat
LVS
Sec Filings
- 4/19/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/5/24 - Form 8-K
- LVS's page on the SEC website