Red Rock Resorts price target raised to $51 from $50 at JMP Securities

JMP Securities analyst Jordan Bender raised the firm’s price target on Red Rock Resorts to $51 from $50 and keeps an Outperform rating on the shares as part of a broader research note on Gaming names. The analyst is adjusting his estimates on casino revenue as harsh weather across the United States impacted player visits, though he also sees it as a "one-time impact". Industry gross gaming revenue was flat y/y during Q4 and commentary around New Year’s traffic was overall positive, Bender tells investors in a research note.