10 Biggest Price Target Changes For Friday
UBS cut FedEx Corporation (NYSE: FDX) price target from $397 to $380. FedEx shares fell 0.2% to $258.00 in pre-market trading.
Jefferies Downgrades Las Vegas Sands to Hold, Lowers Price Target to $40
Jefferies analyst David Katz downgrades Las Vegas Sands (NYSE:LVS) from Buy to Hold and lowers the price target from $60 to $40.
Etsy And American Airlines Lead The S&P 500
U.S. indices were trading lower Thursday as stocks continue September weakness. Initial jobless claims came in higher than expected, which has added to economic concerns while investors continue to weigh uncertainty related to the COVID-19 Delta variant and Fed tapering policy.
‘Fast Money Halftime Report’ Picks For September 16
On CNBC's "Fast Money Halftime Report," Jon Najarian said he jumped back in Las Vegas Sands Corp. (NYSE: LVS). He noticed a big purchase of the March $40 calls in the name.
Casino Stocks Tank On Macau Concession Review Uncertainty: What Should Investors Expect?
Sell-offs in casino stocks Las Vegas Sands Corp. (NYSE: LVS) and Wynn Resorts, Limited (NASDAQ: WYNN) continued on Thursday on concerns over a coming revision to the gaming laws in Macau.
Why Las Vegas Sands Shares Are Trading Lower Today
Las Vegas Sands Corp. (NYSE: LVS) shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $59 to $38.
Over the past 5 trading sessions, the stock has dropped approximately 16%.
JP Morgan Downgrades Las Vegas Sands to Neutral, Lowers Price Target to $38
JP Morgan analyst Joseph Greff downgrades Las Vegas Sands (NYSE:LVS) from Overweight to Neutral and lowers the price target from $59 to $38.
Why MGM Is The Top Casino Pick For Wells Fargo
Casino stocks have taken a big hit this week on fears about regulatory crackdowns in the Macau, China market. However, one Wall Street analyst said now is a great time to step in and selectively buy the dip in gambling stocks with limited exposure to China.
The Analyst: Wells Fargo analyst Daniel Politzer has initiated coverage of the following 12 casino stocks:
Vice Stocks: A Sin Not To Have In Your Portfolio
By Josh Kincaid
Summary
Protecting your portfolio during economic uncertainty with sin stocks
Sin clauses, SRI and ESG may come at a financial cost
Sin stock’s benefits in addition to being recession-proof, generating strong and consistent earnings, and having limited competition