Deutsche Bank Has Buy on Las Vegas Sands

Deutsche Bank is out with a research report on Las Vegas Sands LVS and it has a Buy rating and a $61 price target on shares. In a note to clients, Deutsche Bank writes, "Given management recently presented at its investor day, we believe the biggest take away from the session was managements bullish comments regarding the current state of Macau. As expected given our recent channel checks, LVS continues to see a healthy mass/VIP customer and a strong credit/liquidity environment in Macau. Management noted that repayment/ collection periods remain normal across its direct business and velocity re- mains strong, thus indicating junket collections also remain normal." Shares of LVS lost $1.63 yesterday to close at $36.71, a loss of 4.25%.