BofA Global Research raises PT on casino operators amid Macau strength
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** BofA Global Research raises PT on some U.S. casino operators, including Las Vegas Sands 
LVS, Wynn Resorts 
WYNN and MGM Resorts International 
MGM
** Brokerage says investors are getting much more constructive on potential 2H growth, given a recent revenue acceleration in May and June
** "Recent (Macau) GGR data has been strong, but we think promo could tick up as some of the recent strength has been VIP driven" - brokerage
** Including session moves, S&P 500 Casinos & Gaming (sub index) (.SPLRCCCGL) up 5.25% YTD
Company | New PT | Old PT |
Las Vegas Sands | $52.5 | $45 |
MGM Resorts International | $40 | $35 |
Wynn Resorts | $125 | $100 |
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