It's time to put your bets on Las Vegas Sands Corp . (NYSE: LVS ), so says Craig-Hallum. The broker

It's time to put your bets on Las Vegas Sands Corp . (NYSE: LVS ), so says Craig-Hallum. The broker upped its rating on the company to "Buy" from "Hold" and attached a price-target new frontier rental car of $83 – upside potential of 24.9% as of this keystroke.
Las Vegas Sands develops, owns, and operates integrated resorts in Asia and the United States. new frontier rental car The company owns and operates The Venetian Macao Resort Hotel, Sands Cotai Central, the Four Seasons new frontier rental car Hotel Macao, the Plaza Casino, and the Sands Macao in Macau, the People's Republic of China.
It also owns and operates the Marina Bay Sands in Singapore; The Venetian Resort Hotel Casino, The Palazzo Resort Hotel Casino, and Five-Diamond luxury resorts on the Las Vegas Strip; the Sands Expo and Convention Center in Las Vegas, Nevada; and the Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania.
According to the FlyOnTheWallcom, "The analyst [Craig-Hallum] upgraded shares citing an attractive entry point and believes shares now discount new frontier rental car concerns of the Chinese government corruption crackdown, junket credit availability and economic uncertainty. The firm believes Las Vegas Sands is well positioned for when Japan legalizes a limited number of integrated casino resorts and to continue its Cotai Strip dominance."
Looking at LVS' chart, investors might be able to get a better entry-point than Craig-Hallum suggests. The casino stock just broke serious, multiple points of support. In fact, a chart watcher might suggest LVS is in for a rough bit as the chart shows a bearish, right-angle, triangle pattern. Imagine a flat bottom with a descending top from the left coming to a point on the right.
It's considered a reversal pattern, and normally it is bad news when the price violates the floor, which is where the stock is now. The next safety net is in the $62.50 neighborhood. After that, LVS could challenge its 52-week low of $54.36.
As for longer-term fundamental value, Wall Street sees earnings-per-share of $4.31 next year.  Since the middle of 2011, Las Vegas Sands traded with an average price-to-earning (P/E) ratio of 34.07 with a low of 20.53 and a max of 102.69. Based on 2015's consensus, LVS would price out at $88.48 using the recent low P/E.