Red Rock Resorts price target raised to $55 from $46 at Truist

Truist analyst Barry Jonas raised the firm’s price target on Red Rock Resorts to $55 from $46 and keeps a Hold rating on the shares after attending the company’s analyst day at its new Durango property. It hasn’t been open long, but Durango is faring ahead of expectations, and cannibalization of existing properties could be less than feared as Locals trends look robust quarter-to-date, the analyst tells investors in a research note.