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Create Free AccountJefferies Financial Group has downgraded Las Vegas Sands (LVS) from 'Buy' to 'Hold', citing concerns over future growth trajectories. Despite the downgrade, the firm set a price target of $61.00, implying a potential upside of 12.20% from current levels. The move follows the company's Q4 2025 financial results, where it reported earnings of $0.85 per share on revenue of $3.65 billion, surpassing market estimates. Analysts led by David Katz pointed to risks surrounding adjusted EBITDA growth and a less compelling earnings profile as primary reasons for the rating change. The shift in focus toward the premium mass segment is also seen as a factor making the near-term outlook less attractive to institutional investors. Consequently, the stock experienced immediate downward pressure following the announcement of the rating adjustment by the major financial institution.