Citi initiated coverage of Red Rock Resorts (RRR) with a Buy rating and $63 price target The company offers exposure to the growth and favorable demographics of the local Las Vegas population, the analyst tells investors in a research note. Citi likes the “stable” regulatory environment and high barriers to entry of the Las Vegas Locals market.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRR:
- Red Rock Resorts initiated with an Equal Weight at Wells Fargo
- Red Rock Resorts to replace Sterling Infrastructure in S&P 600 at open on 11/13
- Red Rock Resorts upgraded to Buy from Hold at Jefferies
- Red Rock Resorts upgraded to Buy from Hold at Stifel
- Red Rock Resorts Reports Record Earnings and Expansion