Las Vegas Sands (NYSE:LVS) Price Target Boosted Over 30 Percent

Las Vegas Sands (NYSE:LVS) had the price target on them raised by over 30 percent, from $44 a share to $58 a share, by Argus, which also maintained a "Buy" rating on the company.

Reasons cited were "signs of improvement in Las Vegas, prospects for solid profitability in the near-term, capital availability, and the significant growth potential of the Marina Bay Sands in Singapore."

Also, "Management has eliminated substantial costs from its operations, particularly in Las Vegas, right-sizing the organization for the current business climate."

Earnings per share for full year 2010 were lifted from 72 cents to 74 cents and for full year 2011 from $1.06 to $1.12. Analysts are looking for EPS of 99 cents a share for 2010 and $1.68 for 2011.

Las Vegas Sands closed Wednesday at $50.93, gaining $1.87, or 3.81 percent.