Morgan Stanley downgrades Las Vegas Sands to Equal-Weight

Tue, Jan 14, 2025, 2:56 PM

Morgan Stanley analysts downgraded Las Vegas Sands (LVS) to Equal-Weight from Overweight, lowering their price target to $51 from $54, citing economic slowdowns in China and tariff concerns. Conversely, the analysts name Viking (VIK), Travel+Leisure (TNL), and Wynn Resorts (WYNN) as top picks in the travel sector.

Julie Hyman and Josh Lipton take a closer look at the analyst note on Market Domination Overtime.

To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.

This post was written by Naomi Buchanan.