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Analysts are weighing in today on retail chain The Gap Inc. (NYSE:GPS), casino operator Las Vegas Sands Corp. (NYSE:LVS), and Chinese anti-virus expert Qihoo 360 Technology Co Ltd (NYSE:QIHU). Here's a quick look at today's brokerage notes on GPS, LVS, and QIHU.
- GPS reached a new annual high of $46.61 earlier after receiving a price-target hike to $48 from $41 at Cowen. At last check, the shares were just off that mark, up 1.7% at $46.47. All in all, it's been a strong year for The Gap Inc., which has advanced nearly 19% in 2014. Nevertheless, the brokerage bunch is slanted in a bearish direction, with 14 tepid "hold" recommendations outweighing 10 "strong buy" endorsements; also, the security's consensus 12-month price target is just $45.80. If GPS continues to perform on the charts, however, the equity could be met with additional bullish brokerage notes.
- By contrast, LVS is a long-term technical laggard, down nearly 14% this year to rest at $67.96. What's more, the shares are currently being pressured lower by their descending 20-day moving average, and are facing resistance at the overhead $70 level. Morgan Stanley may have taken note of these factors, as the firm slashed Las Vegas Sands Corp.'s price target to $76 from $83 this morning. What's more, the brokerage firm reduced its 2014 and 2015 Macau gaming revenue growth targets. Additional bearish notes could be on the way, too. Twelve out of 14 covering analysts have given LVS a "strong buy" rating (compared to just two "holds" and not a single "sell"), and the equity's average 12-month price target sits at a lofty $84.90 -- territory not explored since mid-March.
- QIHU is struggling again this afternoon -- off 2.4% to trade at $91.59 -- following a reduction to "neutral" from "outperform" at Credit Suisse. Longer term, however, the shares remain up about 12% year-to-date. Today's bearish brokerage note is relatively rare for Qihoo 360 Technology Co Ltd, as 90% of the analysts following the equity have doled out a "strong buy" opinion.