UPDATE: Citi Raises PT on Las Vegas Sands to $57.50

Citi is out with its report today on Las Vegas Sands LVS, raising its PT from $55 to $57.50. In a note to clients, Citi writes, "We rate Las Vegas Sands shares Buy / Low-Risk (1L) with a US$57.50 target price. Its Macau properties as well as Marina Bay Sands in Singapore continue to produce solid results. Moreover, with our view that future growth in Macau will centralize on the Cotai Strip, and given that Sands China has already secured substantial property whereas other concessionaires have yet to secure any, we are quite optimistic about future growth." At the time of posting, shares of LVS were trading pre-market at $48.60, up 4.97% from Tuesday's close.