Morgan Stanley analyst Stephen Grambling raised the firm’s price target on Red Rock Resorts (RRR) to $49 from $48 and keeps an Equal Weight rating on the shares. Following the first two weeks of Q4 earnings from the North American casino gaming group, the firm says Vegas commentary was better to start 2025, regional trends were called out as “stable” following a recovery after the post-election lull and that digital trends are “off to solid start across hold and handle in 2025.”
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRR:
- Red Rock Resorts Earnings Call: Mixed Results with Growth and Challenges
- Red Rock Resorts price target raised to $47 from $46 at Susquehanna
- Cautious Hold Rating on Red Rock Resorts Amid Market Challenges and Mixed Performance
- Red Rock Resorts price target raised to $59 from $57 at JMP Securities
- Red Rock Resorts Sees Revenue Growth Amid Profit Decline