Hudson Comments on Las Vegas Sands' 10K Disclosure (LVS)

Hudson is out with its report on Las Vegas Sands (NYSE: LVS), commenting on LVS after a 10K disclosure mentioned that it had received a subpoena from the SEC in February.

In a note to clients, Hudson writes, "This disclosure came on what otherwise should have been a good day for LVS. Macau revenues were up 48% in February and the business
seems to be humming along. Nonetheless, we think this issue will linger as an overhang and it is in LVS's best interest to settle this matter expeditiously."

Hudson maintains Buy and a $57 PT on LVS.

At the time of posting, shares of LVS were trading pre-market at $43.21, down 1.12% from Tuesday's close.