Now that Q1 earnings season for U.S. gaming stocks has come and gone, Goldman Sachs analyst Steven Kent recently revisited the firm’s outlook for Las Vegas Sands Corp. LVS 1.9%, Penn National Gaming, Inc PENN 0.94% and Scientific Games Corp SGMS 0.33%.
Penn’s Solid Quarter Keeps Goldman Happy
Goldman remains bullish on Penn after the company delivered another solid quarter. The firm maintains its $18 price target, which is based on 7.6x estimated 2017 adjusted EBITDA. Although the regional U.S. gaming space faces potential cannibalization in coming years, Kent maintains a Buy rating on Penn.
Las Vegas Sands, Here And Abroad
The picture for Las Vegas Sands continues to improve, especially in Macau. Macau mass revenues are stabilizing, and the company reported that the Parisian resort is on track to open in September of this year. Despite a weak Q1 showing from Singapore, Kent saw enough out of Sands to up Goldman’s price target for the stock from $42 to $45. However, the firm maintains its Neutral rating.
Scientific Games Fails To Inspire
Finally, Goldman is…
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