Las Vegas Sands is expected to benefit from China’s economic stimulus efforts, according to Jefferies, which upgraded the casino operator’s shares to ‘buy’ and raised the price target to $69 from $60, suggesting a 38% upside. Analyst David Katz highlighted the positive gaming outlook in Macau due to recent government initiatives, including a $1.4 billion stimulus package. Renovations at the Londoner hotel are predicted to boost revenue by 12% in Macau next year. Despite a 3% decline at the start of the year, 15 of 20 analysts recommend buying LVS shares, indicating overall positive sentiment.
