UPDATE: Morgan Stanley Raises Las Vegas Sands' PT

According to a research report published earlier today, Morgan Stanley has increased Las Vegas Sands Corp.'s LVS PT from $56 to $65. Morgan Stanley commented in the report, “LVS remains our preferred way to play Macau. Led by Cotai Central's opening, we estimate LVS will garner 40% of the total incremental EBITDA created in Macau through 2013. The opening of CC poses ST risks, but the LT ramp should be strong (MS '13 est. +10% cons.), driving a 20% EBITDA CAGR .” Morgan Stanley maintains its Overweight rating on Las Vegas Sands, which closed yesterday at $57.30.