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LVS

Las Vegas Sands

$67.01

-1.02 (-1.50%)

, MGM

MGM Resorts

$26.66

-1.98 (-6.91%)

06:41
05/01/19
05/01
06:41
05/01/19
06:41

Macau reports April casino revenue down 8.3% to 23.59B patacas

Macau's gaming bureau reported April gross revenue from games of fortune in the region declined 8.3% year-over-year to 23.59B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO).

LVS

Las Vegas Sands

$67.01

-1.02 (-1.50%)

MGM

MGM Resorts

$26.66

-1.98 (-6.91%)

WYNN

Wynn Resorts

$144.41

-4.35 (-2.92%)

MLCO

Melco Resorts & Entertainment

$25.09

-1.52 (-5.71%)

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LVS Las Vegas Sands
$67.01

-1.02 (-1.50%)

04/18/19
JPMS
04/18/19
NO CHANGE
Target $71
JPMS
Neutral
Las Vegas Sands price target raised to $71 from $62 at JPMorgan
JPMorgan analyst Joseph Greff raised his price target for Las Vegas Sands (LVS) to $71 from $62 following the company's Q1 results. The analyst sees "lots of moving pieces" in the print and keeps a Neutral rating on the shares. Greff thinks there are reasons to be optimistic that the Macau market will rebound later in Q2 of Q3, but at current share levels, he sees more value and better risk/rewards in Wynn Resorts (WYNN) and Melco Resorts & Entertainment (MLCO).
04/18/19
DBAB
04/18/19
NO CHANGE
Target $69
DBAB
Hold
Las Vegas Sands price target raised to $69 from $60 at Deutsche Bank
Deutsche Bank analyst Carlo Santarelli raised his price target for Hold-rated Las Vegas Sands to $69 from $60 following the company's Q1 beat. The analyst views the report as "solid" but sees the stock's current valuation as "reasonable and fair."
04/18/19
STFL
04/18/19
NO CHANGE
Target $80
STFL
Buy
Las Vegas Sands price target raised to $80 from $72 at Stifel
Stifel analyst Steven Wieczynski raised his price target on Las Vegas Sands to $80 from $72, stating that the company "delivered another solid quarter" with "exceptional mass market gaming performance" in Macau and Singapore. However, while he expects shares to trade "modestly higher" following earnings, he does not see anything within the results or management's commentary capable of triggering a fundamental shift in the currently "decidedly mixed" sentiment on the stock. Wieczynski, who encourages investors to "look beyond the short-term noise," keeps a Buy rating on Las Vegas Sands shares.
04/17/19
HSBC
04/17/19
DOWNGRADE
Target $65.4
HSBC
Hold
HSBC downgrades Las Vegas Sands to Hold on valuation
HSBC analyst Charlene Liu downgraded Las Vegas Sands (LVS) to Hold from Buy and lowered her price target for the shares to $65.40 from $69.50. The analyst cites valuation for the downgrade and notes her new target implies 2% downside. Between Las Vegas Sands and Sands China (SCHYY), a stock Liu downgraded to Hold earlier this week, the analyst continues to prefer direct exposure to Macau through Las Vegas Sands' Hong Kong-listed subsidiary Sands China. She prefers Macau over Singapore for its "bigger market size and high growth potential." Liu maintains a Buy rating on Genting Singapore (GIGNY).
MGM MGM Resorts
$26.66

-1.98 (-6.91%)

01/18/19
MSCO
01/18/19
NO CHANGE
MSCO
Overweight
Morgan Stanley prefers Las Vegas to Macau in gaming entering 2019
Morgan Stanley analyst Thomas Allen said he is confident that the Las Vegas outlook is better than perceived after Q4 appears to have shown a meaningful rebound, noting also that his convention tracker supports strong 2019 demand growth and that flight capacity to the market is growing. Meanwhile, as a firm, Morgan Stanley has cut its Macau market gaming revenue outlook and industry view, Allen noted. Combining his Las Vegas outlook and bullish stance on regional U.S. gaming, Allen called MGM Resorts (MGM) and Caesars (CZR) his preferred large cap gaming stocks entering 2019, stating that he believes expectations for both are beatable. He reiterates Overweight ratings on both, as well as on Las Vegas Sands (LVS), and keeps an Equal Weight rating on Wynn Resorts (WYNN).
01/08/19
JPMS
01/08/19
NO CHANGE
Target $38
JPMS
Overweight
MGM Resorts added to Analyst Focus List at JPMorgan
JPMorgan analyst Joseph Greff added MGM Resorts to his firm's Analyst Focus List saying he sees an increasingly favorable setup for 2019. The analyst raised his price target for the shares to $38 from $35 and keeps an Overweight rating on the name. He sees a combination of relatively low expectations in Las Vegas, improving operations/efficiencies and an attractive valuation.
03/20/19
FBCO
03/20/19
INITIATION
Target $30
FBCO
Neutral
MGM Resorts assumed with a Neutral at Credit Suisse
Credit Suisse analyst Ben Combes assumed coverage of MGM Resorts with a Neutral rating and $30 price target.
03/06/19
MSCO
03/06/19
NO CHANGE
MSCO
Morgan Stanley raises Macau casino operator targets on higher mass forecast
Morgan Stanley analyst Thomas Allen said that Morgan Stanley is increasingly bullish that China's policy stimulus is working as a firm, adding that he now expects Macau gross gaming revenue to grow 1% in 2019, up from his prior forecast for a 2% decline. Underpinning that improved view, he has raised his mass market growth forecast to 7% from 2%, citing accelerated visitation growth following the HKZM bridge opening as well as the firm's currency strategists' call for the CNY to continue to appreciate against the USD. While he still has an "in-line" view on Macau, Allen raised his price target on Las Vegas Sands (LVS) to $66 from $64, his target on Wynn (WYNN) to $130 from $122 and his target on MGM Resorts (MGM) to $35 from $34. Allen added that Las Vegas Sands remains his preferred play on Macau, as he thinks the Street is wrong in assuming it will lose market share.
WYNN Wynn Resorts
$144.41

-4.35 (-2.92%)

04/25/19
04/25/19
UPGRADE
Target $150

Buy
Wynn Resorts upgraded to Buy, catalysts ahead, says BofA/Merrill
As previously reported, BofA/Merrill upgraded Wynn Resorts to Buy from Neutral and trimmed its price target to $150 from $165. Analyst Shaun Kelley names three catalysts for the upgrade, they are a flattening out of China macro data and easing policies that will improve second half 2019 Macau gross gaming revenue growth, the June opening of Encore Boston and resulting EBITDA growth, and reduced capex resulting in potential accelerating capital returns or M&A in late fall/early 2020.
04/25/19
BOFA
04/25/19
UPGRADE
BOFA
Buy
Wynn Resorts upgraded to Buy from Neutral at BofA/Merrill
04/10/19
GSCO
04/10/19
INITIATION
GSCO
Neutral
Wynn Resorts resumed with a Neutral at Goldman Sachs
MLCO Melco Resorts & Entertainment
$25.09

-1.52 (-5.71%)

02/20/19
NOMU
02/20/19
NO CHANGE
Target $27
NOMU
Buy
Melco price target raised to $27 from $21 at Nomura Instinet
Nomura Instinet analyst Harry Curtis raised his price target for Melco Resorts & Entertainment to $27 saying the company reported a "good quarter" and that its outperformance should continue. The analyst keeps a Buy rating on the shares.
04/08/19
MACQ
04/08/19
INITIATION
Target $29
MACQ
Outperform
Melco Resorts & Entertainment initiated with an Outperform at Macquarie
Macquarie analyst Edward Engel initiated Melco Resorts & Entertainment with an Outperform with a $29 price target.
02/19/19
LYON
02/19/19
UPGRADE
Target $23.49
LYON
Outperform
CLSA upgrades Melco to Outperform on City of Dreams momentum
CLSA analyst Jonathan Galligan upgraded Melco Resorts & Entertainment to Outperform from Underperform and raised his price target for the shares to $23.49 from $17.23. The stock in afternoon trading is up 7%, or $1.47, to $23.21. Melco reported a 25% year-over-year increase in its Q4 adjusted EBITADA driven by traction at City of Dreams, which appears sustainable, Galligan tells investors in a research note. The analyst is now more optimistic on the mass business and margin expansion at the resort.

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WSC

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$14.18

-0.17 (-1.18%)

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CYRN

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CMBM

Cambium Networks

$0.00

(0.00%)

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VICI

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$21.80

-0.52 (-2.33%)

21:27
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BAX

Baxter

$81.71

-0.58 (-0.70%)

19:32
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FB

Facebook

$188.87

-3.69 (-1.92%)

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PCG

PG&E

$21.62

-0.02 (-0.09%)

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PG&E bondholders seek control of utility's bankruptcy, SVBJ reports »

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KMI

Kinder Morgan

$20.58

-0.58 (-2.74%)

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MU

Micron

$32.71

-0.47 (-1.42%)

, FDX

FedEx

$156.00

-4.88 (-3.03%)

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Micron

$32.71

-0.47 (-1.42%)

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$156.00

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AVAV

AeroVironment

$61.41

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GBT

Global Blood Therapeutics

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CMCSA

Comcast

$42.75

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Comcast

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Comcast

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Netflix

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QD

Qudian

$8.46

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FedEx

$156.00

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