Macquarie lowered the firm’s price target on Red Rock Resorts (RRR) to $64 from $65 and keeps an Outperform rating on the shares following the Q3 report. The firm says Durango is trending well ahead of schedule. It expects Red Rock to remain the biggest beneficiary of the positive demographic trends in Las Vegas Locals.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRR:
- Red Rock Resorts price target lowered to $61 from $65 at JMP Securities
- Red Rock Resorts price target lowered to $62 from $65 at Deutsche Bank
- Red Rock Resorts price target lowered to $62 from $65 at Barclays
- Red Rock Resorts Reports Mixed Q3 2024 Results
- Red Rock Resorts reports Q3 EPS 48c, consensus 52c