NEW YORK, NY / ACCESSWIRE / August 16, 2017 / Hotel operators Wynn Resorts and Las Vegas Sands Corp. saw gains on Tuesday. Both companies reported earnings last month and while Las Vegas Sands Corp had strong results, emphasizing that Asian investments helped push revenue to over $3 billion, Wynn Resorts' quarter wasn't as impressive. Deutsche Bank still believes in the stock and raised its target price yesterday and upgraded it to a "buy."

RDI Initiates Coverage on:

Las Vegas Sands Corp.
https://ub.rdinvesting.com/news/?ticker=LVS

Wynn Resorts, Limited
https://ub.rdinvesting.com/news/?ticker=WYNN

Las Vegas Sands Corp.'s shares closed up 1.76% on Tuesday on nearly 2.9 million shares traded. While there hasn't been any big news from the company in recent days, it was last month that the company reported its second quarter earnings and revealed that Asian investments helped push the company over $3 billion in revenue. The Las Vegas Venetian and Palazzo operator posted earnings of $0.73 per share, excluding four cents from non-recurring items. This was ahead of the $0.61 that analysts had been expecting. Revenue at $3.14 billion was also ahead of the $3.02 billion that analysts had projected. Since the company first arrived in Macau, it has invested over $13 billion into the area. CEO Sheldon Adelson commented, "We are pleased to have delivered a strong set of financial results during the quarter, led by another quarter of growth in Macao and a record-setting performance in Singapore. The benefits of our convention-based Integrated Resort business model remain evident in our financial results, with adjusted property EBITDA increasing 26.5% compared to the second quarter of 2016, reaching $1.21 billion. We also continued to return excess capital to shareholders during the quarter."

Access RDI's Las Vegas Sands Corp. Research Report at:
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Wynn Resorts Limited's shares closed up 6.41% yesterday on a little over 5 million shares traded. The big move may have been a result of traders being put at ease after Deutsche Bank said that the concern over China business was overdone. Carlo Santarelli of Deutsche Bank upgraded the stock to a "buy" and raised his price target to $150 from $138. He noted, "We believe the mass ramp at Wynn Palace, post the floor reconfigurations, is beginning to accelerate. Given the strength in VIP and our view of upside Consensus revisions, we feel current levels represent a favorable entry point." This is despite second quarter results not being that impressive last month. CEO Stephen Wynn assured investors during the earnings call that, "It's very important that you don't get caught up in the very short-term myopia. Mass has an awful lot to do with access. ? We're literally surrounded on four sides by things that are under construction that will add to our mass."

Access RDI's Wynn Resorts, Limited Research Report at:
https://ub.rdinvesting.com/news/?ticker=WYNN

Our Actionable Research on Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts, Limited (NASDAQ: WYNN) can be downloaded free of charge at Research Driven Investing.

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