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Fly News Breaks for February 12, 2020
LVS, WYNN
Feb 12, 2020 | 06:19 EDT
BofA analyst Shaun Kelley upgraded Wynn Resorts (WYNN) and Las Vegas Sands (LVS) to Buy from Neutral. The analyst is also keeping the price target on Wynn at $150 and raising it on Las Vegas Sands to $80 from $72. Kelley cites the declining sequential and daily growth rates of new coronavirus cases in Wuhan/China, as well as the efforts by Beijing to control the spread and the positive recent commentary on the disease from the WHO. The analyst further notes that while the risk of coronavirus casis being under-reported remains, he also notes that the muted response in Macau casino gaming relative to prior corrections reflects the "passing nature of the threat".
News For WYNN;LVS From the Last 2 Days
LVS
Apr 14, 2021 | 16:19 EDT
Las Vegas Sands is launching a "multimillion-dollar" advertising campaign in hopes to drive support for its push to bring casinos to Texas, reported Patrick Svitek of The Texas Tribune. The company will begin airing TV and radio ads Thursday in the state's biggest markets that will tell residents that "billions of tourism and gambling dollars" leave the state every year for neighboring states that allow more gaming, according to the report. Reference Link