JMP Securities analyst Jordan Bender lowered the firm’s price target on Red Rock Resorts to $65 from $66 and keeps an Outperform rating on the shares. JMP is encouraged around stability within its database and see Red Rock’s focus toward a high-end customer insulating itself from a small deceleration within the lower end of the market, the analyst tells investors in a research note.
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 Announces First Quarter 2024 Results
- Bet On It: Disney and ESPN CTO switches over to Penn
- Red Rock Resorts price target raised to $60 from $58 at Truist
- Red Rock Resorts price target raised to $66 from $61 at JMP Securities
- Red Rock Resorts price target raised to $64 from $62 at Barclays