Red Rock Resorts price target lowered to $70 from $80 at Truist

Truist lowered the firm’s price target on Red Rock Resorts (RRR) to $70 from $80 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 earnings in Gaming. The sector remains out of favor but Regionals has the best set up heading into Q1 results, benefiting from players staying closer to home, the analyst tells investors in a research note. In Las Vegas, the Strip trends look better sequentially but still aren’t growing and the Locals face near-term idiosyncrasies, while Digital remains challenged amidst online sports betting growth and prediction market concerns, Truist added.