Pair Trade? Goldman Sachs Upgrades Penn National Gaming, Downgrades Las Vegas Sands

In a report published Monday, Goldman Sachs analysts changed the ratings on two companies within the gaming sector to reflect their view of the challenges being faced by the world’s biggest gaming markets – Macau and the US. “Our stock picks are focused on companies that we think have more control over their destiny rather than companies that will simply be proxies for the markets in which they operate,” the analysts elaborated.