| 2016-12-22 06:36:20|
LVS 06:36 12/22 12/22/16
Las Vegas Sands initiated with a Buy at Aegis
Aegis analyst David Bain initiated Las Vegas Sands with a Buy and a $60 price target. He believes the new Parisian casino resort will ramp faster than competitor openings, solidifying the Macau portfolio at the right time in the Macau recovery, its duopoly position in Singapore offers Asian gaming diversification and stable cash flow for dividend payouts, and the 5.3% dividend yield limits downside.