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Stifel Nicolaus Sticks to Its Hold Rating for Red Rock Resorts (RRR)

In a report released yesterday, Steven Wieczynski from Stifel Nicolaus maintained a Hold rating on Red Rock Resorts (RRRResearch Report), with a price target of $55.00. The company’s shares closed last Wednesday at $52.49.

According to TipRanks.com, Wieczynski is a 5-star analyst with an average return of 19.3% and a 60.6% success rate. Wieczynski covers the Services sector, focusing on stocks such as Lindblad Expeditions Holdings, Norwegian Cruise Line, and Penn National Gaming.

Currently, the analyst consensus on Red Rock Resorts is a Moderate Buy with an average price target of $57.40, a 16.7% upside from current levels. In a report issued on January 26, Macquarie also downgraded the stock to Hold with a $55.00 price target.

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The company has a one-year high of $58.74 and a one-year low of $26.50. Currently, Red Rock Resorts has an average volume of 964.2K.

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Red Rock Resorts, Inc. is a holding company, which engages in the management and development of gaming and entertainment facilities. The firm operates through the following segments: Las Vegas Operations and Native American Management. Its amenities include restaurants, entertainment venues, movie theatres, bowling and convention or banquet space, as well as traditional casino gaming offerings such as video poker, slot machines, table games, bingo and race and sports wagering. The company was founded in 1976 and is headquartered in Las Vegas, NV.

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