Las Vegas Sands stock drops 4% after Morgan Stanley downgrade due to concerns about China and Singapore

From StockTwits: 2025-01-15 01:18:17

Stocktwits sentiment turned ‘bearish’ on Las Vegas Sands Corp ($LVS) after a downgrade from Morgan Stanley, causing a 4% drop in share price. The downgrade to ‘Equal Weight’ from ‘Overweight’ cited concerns about China GDP and consumer trends in Singapore. Chinese tourist slowdown in Singapore could impact the iconic Marina Bay Sands resort, a key market for the company. Las Vegas Sands recently agreed to a $963 million expansion project in Singapore. Wall Street expects fourth quarter earnings of $0.60 per share on $2.9 billion revenue. Stay tuned for updates on LVS stock performance.



Read more at StockTwits: Las Vegas Sands Stock Slips On Morgan Stanley Downgrade: Retail Sentiment Sours