Red Rock Resorts price target lowered to $52 from $61 at Susquehanna

Susquehanna analyst Joseph Stauff lowered the firm’s price target on Red Rock Resorts (RRR) to $52 from $61 and keeps a Positive rating on the shares. The firm reiterated its consolidated 1Q25 revenue/EBITDA estimates of $500m/$211m, while trimming 2Q/3Q estimates roughly 150 bps to reflect the second-order effect of a weaker Las Vegas leisure and hospitality economy.