Red Rock Resorts price target lowered to $67 from $71 at Citizens

Citizens analyst Jordan Bender lowered the firm’s price target on Red Rock Resorts (RRR) to $67 from $71 and keeps an Outperform rating on the shares. The quarter was pressured by expected renovation-related EBITDA headwinds along with additional macro impacts, such as higher oil and gas prices and airport congestion, that weighed on results, particularly in March, the analyst tells investors in a research note. Conditions improved in April, with operations returning to a more typical environment, the firm says.