Shares of gaming concern Las Vegas Sands (LVS: sentiment, chart, options) have dropped another 6% so far today, adding to yesterday's 33% plunge. Early price-target cuts from Jefferies and Goldman Sachs gave way to Moody's downgrades later in the session, pushing LVS below potential short-term support at the 5 level. Technically speaking, the stock's recent price action has extended its losses to more than 94% on a year-to-date basis. For a bit of perspective, LVS hit a high of $148.76 in October 2007.

Digging into this morning's analyst activity, Jefferies cut its target to $19 per share from $44 per share, while Goldman Sachs slashed its target to $9.50 from $25 per share. Both brokerage firms, however, maintained their "buy" ratings. Rubbing salt in the wound, Moody's Investor Service cut LVS ratings due to expectations for continued weakness in the casino operator's Las Vegas and Macau properties. Moody's lowered the company's corporate family and senior-notes rating to B2 from Ba3. The ratings were also placed on review for further possible downgrades.

Unfortunately for LVS, there is room for the situation to deteriorate even further. According to Thomson Financial, the current 12-month price target on the stock rests at $26.11 per share - a 419% premium to the stock's current trading range near $5 per share.