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Analysts boost ratings

17 Oct 2007

NEW YORK -- As reported by the Seeking Alpha: "Put your money on gaming names with operations in Las Vegas and Macau because better-than-expected results could emerge from the center of Asia's gambling industry.

"At the same time, there continues to be a high level of interest in casino operators, and outside investors like U.K. buyout group Permira and state-run Dubai World are willing to pay high premiums, which is pushing up asset multiples.

"This advice comes from Goldman Sachs analyst Steven Kent, who boosted his earnings estimates for Las Vegas Sands Corp. (LVS), Wynn Resorts Ltd. (WYNN) and MGM Mirage (MGM).

"...Mr. Kent boosted his price target on Las Vegas Sands to US$150 per share from US$106 and rates it a 'buy.' Hold-rated Wynn moves to US$160 from US$100, and MGM to US$95 from US$85..."

 
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