Susquehanna lowered the firm’s price target on Red Rock Resorts (RRR) to $66 from $70 and keeps a Positive rating on the shares. The firm said they reported mixed 3Q24 results but outlined solid revenue trends but higher than expected opex as they are still cycling through wage inflation.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRR:
- Bet On It: Missouri voters say yes to legalized sports betting
- Red Rock Resorts price target lowered to $64 from $65 at Macquarie
- Red Rock Resorts price target lowered to $61 from $65 at JMP Securities
- Red Rock Resorts price target lowered to $62 from $65 at Deutsche Bank
- Red Rock Resorts price target lowered to $62 from $65 at Barclays