Goldman Sachs sees investor sentiment on Macau-related casino stocks as too negative based on...

|By:, SA News Editor

Goldman Sachs sees investor sentiment on Macau-related casino stocks as too negative based on the last two months of data and backs the sector on the strength of still-solid VIP spending. The firm adds Galaxy Entertainment (GXYEF.PK) to its Conviction Buy list and upgrades the Macau unit of Wynn Resorts (WYNN +0.4%) up to Neutral from Sell.