On Nov 09, major Wall Street analysts update their ratings for $Red Rock Resorts (RRR.US)$, with price targets ranging from $58 to $62.
J.P. Morgan analyst Joseph Greff maintains with a buy rating, and adjusts the target price from $59 to $58.
Barclays analyst Brandt Montour maintains with a buy rating, and adjusts the target price from $65 to $62.
Deutsche Bank analyst Carlo Santarelli maintains with a buy rating, and adjusts the target price from $65 to $62.
Stifel analyst Steven Wieczynski maintains with a hold rating, and adjusts the target price from $62 to $60.
JMP Securities analyst Jordan Bender maintains with a buy rating, and adjusts the target price from $65 to $61.
Furthermore, according to the comprehensive report, the opinions of $Red Rock Resorts (RRR.US)$'s main analysts recently are as follows:
Red Rock Resorts experienced a challenging third quarter with a deceleration in growth, according to an analyst.
Red Rock Resorts witnessed a subdued third-quarter performance and anticipates a similar trend for the fourth quarter, influenced by seasonal variations and the effects of elections. The company's capital initiatives slated for 2025 are expected to introduce some disruption, prompting a reassessment of estimates.
Following the Q3 report, it's noted that Durango is progressing significantly ahead of schedule. It is anticipated that Red Rock will continue to be the primary beneficiary of the favorable demographic trends in the Las Vegas Locals market.
Here are the latest investment ratings and price targets for $Red Rock Resorts (RRR.US)$ from 5 analysts:
Note:
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