Red Rock Resorts price target lowered to $55 from $59 at Citizens JMP

Citizens JMP lowered the firm’s price target on Red Rock Resorts (RRR) to $55 from $59 and keeps an Outperform rating on the shares. Underlying fundamentals across brick-and-mortar casinos currently appear stable, but the firm is cutting estimates and price targets across the group in the face of uncertainty, the analyst tells investors.