Stock Track | Las Vegas Sands Plunges 5.89% in Pre-Market on Analyst Downgrades and Price Target Cuts
Stock Track
Apr 23
Las Vegas Sands (LVS) experienced a significant pre-market plunge of 5.89% on Thursday, as the stock reacted negatively to recent analyst actions.
The sharp decline followed a series of analyst reports that included downgrades and price target reductions. Most notably, Jefferies downgraded Las Vegas Sands from Buy to Hold and significantly cut its price target from $72 to $63. Additionally, Deutsche Bank reduced its target price on the stock from $77 to $73.
These negative analyst actions appear to have outweighed several positive price target adjustments from other firms including Stifel, Barclays, Morgan Stanley, and HSBC, leading to the substantial pre-market sell-off in Las Vegas Sands shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.