Barclays analyst Brandt Montour initiated coverage of Red Rock Resorts with an Overweight rating and $60 price target. Red Rock is a pure play on the attractive Las Vegas locals gaming market with an underappreciated competitive moat and development pipeline that should collectively drive EBITDA growth above regional peers over the short, medium and long term, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on RRR:
- Red Rock Resorts Announces Fourth Quarter and Full Year 2023 Conference Call and Earnings Release Date
- Red Rock Resorts downgraded to Equal Weight from Overweight at Morgan Stanley
- Bet On It: Penn shareholder seeks board representation
- Gan Limited launches GAN Sports with Red Rock Resorts
- Red Rock Resorts price target raised to $54 from $47 at Stifel