Las Vegas Sands shares up 35% thanks to Bernstein Research

If you took the gamble after Las Vegas Sands (NYSE:LVS) hit $2.13 yesterday you are a happy trader today, LVS shares are up 35% or 76 Cents after Bernstein Research came to the rescue.

Just like a gambler placing down their last chip, Janet Brashear of Bernstein Research rated Las Vegas Sands (LVS) 'Outperform' today and set a $8 price target.  Bam!! Shares of LVS are at $2.88 this afternoon and volume is at 43+ million shares traded, almost double the daily activity. 

While cognizant of Las Vegas Sands  financial difficulties - LVS completed an offering of common stock, preferred stock and warrants in November that provided an approximately $2.1 billion capital infusion - Brashear expects the Sands of Bethlehem opening in May in Pennsylvania and the Marina Bay Sands opening next year in Singapore "will be critical catalysts signaling the way out of this crisis."

"There is clearly risk as the company skates at the edge of bank covenants, but we believe the company will find its way out of its liquidity bind and emerge with a stellar portfolio of assets, centered in Asia and including a crown jewel in Singapore," the analyst wrote.

So Double Down at this point?  Enjoy today's rally, if it sticks, then we might have something otherwise expect more of the same -- Las Vegas Volatility.