LVS rating cut to hold by analysts at Argus

Las Vegas Sands' (LVS) stock was downgraded by analysts at Argus from buy to hold. Price target information was not available.The downgrade follows the third-straight monthly decline in gross gaming revenue in Macau, the world's biggest gambling hub and the biggest driver of the company's revenue. GGR dropped 6.1 percent in the month as a clampdown on corruption in China crimped spending by the country's high rollers.LVS closed at $63.08 in New York trading Thursday. That's down some 28 percent from its 52-week high set in March.