Stock Track | Las Vegas Sands Plummets 8.53% Intraday on Analyst Downgrades and Price Target Cuts

Stock Track

04/23

Las Vegas Sands (LVS) stock plummeted 8.53% during Thursday's intraday trading session, marking a significant decline for the casino and gaming company.

The sharp drop came in response to negative analyst actions, including a downgrade from Jefferies from Buy to Hold along with a substantial price target reduction from $72 to $63. Deutsche Bank also cut its target price on the stock from $77 to $73, contributing to investor concerns.

These negative analyst moves appeared to outweigh several positive price target adjustments from other firms including Morgan Stanley, HSBC, Stifel, and Barclays, leading to substantial selling pressure on Las Vegas Sands shares during the trading session.

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