Sands China downgraded to Neutral from Buy at Citi
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2025
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Should l Buy ?
Source: Business Insider
Citi Downgrade: Citi has downgraded Sands China from Buy to Neutral, lowering the price target from HK$26.30 to HK$18.50 due to lower-than-expected gaming revenue in Macau and the negative impact of U.S. tariffs on gaming demand.
Market Impact: The downgrade reflects concerns that the reduced gaming demand will persist throughout most of the first half of 2025, prompting Citi to also downgrade three other Macau gaming companies.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
