After plummeting by about 20 percent over the last couple of weeks, Las Vegas Sands (NYSE:LVS) was given some love today from Morgan Stanley (NYSE:MS), which recommended investors buy them on the dip, which it appears they've been doing, as the share price is up so far today.
On the other hand, some see Las Vegas sands as having another 10 percent to 15 percent to drop before they level off. Either way, in the view of Morgan Stanley, all of this should be considered buying opportunities.
Also pushing shares in the overall gaming sector may have been the bullish comments made by JPMorgan (NYSE:JPM) on Wynn Resorts (Nasdaq:WYNN), which they upgraded today.
Las Vegas Sands was trading at $44.88, up $2.61, or 6.17 percent, as of 12:06 PM EST. Wynn was trading at $106.11, up $5.37, or 5.33 percent.
Thursday, December 16, 2010
Morgan Stanley (NYSE:MS) Recommends Buying Las Vegas Sands (NYSE:LVS) on Dip
Labels:
JP Morgan,
Las Vegas Sands,
Morgan Stanley,
Wynn Resorts
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