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Las Vegas Sands rises on Wells Fargo PT raise



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** Shares of casino operator Las Vegas Sands LVS.N rise ~2% to $51 in early trade

** Wells Fargo raises LVS target price to $60 from $53; maintains "Overweight"

** Says while much of LVS recent outpeformance relates to China stimulus news, brokerage expects there's still room to run given several Q4 2024 catalysts

** Adds LVS reopening Londoner casino for peak Golden Week period (Oct. 1 to Oct. 7) will help co recapture lost market

** New PT represents a 19% upside to LVS's last close

** 16 of 20 brokerages rate the stock "buy" or higher and four "hold"; their median PT is $54 - LSEG data

** Up to Monday's close, LVS up 2.3% YTD



Reporting by Anshuman Tripathy in Bengaluru

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