Red Rock Resorts price target raised to $49 from $45 at Truist

Truist analyst Barry Jonas raised the firm’s price target on Red Rock Resorts (RRR) to $49 from $45 but keeps a Hold rating on the shares after its Q4 results. The company’s Las Vegas EBITDA was in line with expectations, though the strong quarter by Boyd Gaming (BYD) had likely raised the bar, the analyst tells investors in a research note. The firm still views Red Rock Resorts as a best-in-class operator, but also warns about the continued overhang around the Durango development in this uncertain macro environment.