Analyst Insights: Life Technologies, Las Vegas Sands, Polycom, Guess? May 21st
Las Vegas Sands Corp. (NYSE:LVS): UBS lowered its Singapore markets estimates to +8% year-over-year from +11% based on mass market revisions from a potential regulatory review of problem gambling. Shares are Buy rated. Nomura said visits to casinos in Macau and Singapore indicate there has been no changes to market fundamentals and that recent weakness in Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN), and MGM Resorts (NYSE:MGM) is a buying opportunity.
Life Technologies Corporation (NASDAQ:LIFE): After meeting with Life’s management, Oppenheimer believes that investors’ concerns that the company will abandon its share buyback plans are unwarranted. The firm reiterates a $58 target and Outperform rating on the stock.
Polycom, Inc. (NASDAQ:PLCM): After meeting with Polycom’s management, Wells Fargo recommends that long-term investors buy the stock following its recent weakness. The firm notes that the company highlighted recent shares gains, and Wells maintains an Outperform rating on the shares.
Guess? Inc. (NYSE:GES): Brean Murray lowered its price target on Guess ahead of earnings which are due out tomorrow after the close due to its international exposure. Brean Murray maintains its Buy rating citing improved cotton costs, solid free cash flow, and an improving investor sentiment.
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