UPDATE: Jefferies Raises Price Target on Las Vegas Sands to $51

According to Jefferies, Las Vegas Sands LVS price target is raised to $51. Jefferies said that mgt's comments provided updated details on the strong growth opportunities in Asia, the full earnings power of which remains to be seen and which warrant a revision to our estimates. “Our price target of $51 is based on our blended methodology, using a 12.0X multiple on our 2012E EV/EBITDA, a 22.0X multiple on our 2012E EPS, and a 12.5X multiple on our 2012E FCF/share, as well as our five-year DCF, which yields a valuation of $49.34.” Las Vegas Sands closed yesterday at $48.22.