Analysts Are Downgrading These 5 Stocks

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1. Las Vegas Sands Corp. (NYSE:LVS)

Number of Hedge Fund Holders: 48

Las Vegas Sands Corp. (NYSE:LVS) is ranked first on our list of 10 stocks that analysts are downgrading. The company owns and operates resorts around the world and is headquartered in Nevada. 

On September 16, investment advisory JPMorgan downgraded Las Vegas Sands Corp. (NYSE:LVS) stock to Neutral from Overweight and decreased the price target to $38 from $59. JPMorgan analyst Joseph Greff downgraded the stock amid the Macau government’s move to expand its casino regulatory oversight. Greff cited “uncertainty and opacity” related to Macau and China policy for the downgrade.

Out of the hedge funds being tracked by Insider Monkey, New York-based firm DE Shaw is a leading shareholder in Las Vegas Sands Corp. (NYSE:LVS) with 5.8 million shares worth more than $308 million. 

In its Q2 2021 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Las Vegas Sands Corp. (NYSE:LVS) was one of them. Here is what the fund said:

“The shares of Las Vegas Sands Corporation, a leading developer of luxury casino resorts in Macau and Singapore, declined in the most recent quarter in large part due to COVID-19 travel-related restrictions. We believe the shares are attractively valued and will recover sharply when travel restrictions are lifted.”

You can also take a peek at 10 Companies that Benefit From Crypto Mining and 10 New Penny Stocks Redditors are Buying.

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