Red Rock Resorts price target raised to $64 from $57 at Citizens JMP

Citizens JMP analyst Jordan Bender raised the firm’s price target on Red Rock Resorts (RRR) to $64 from $57 and keeps an Outperform rating on the shares. Red Rock Resorts beat expectations for revenue and EBITDA in Q2, benefiting from Native American fees recognized in the quarter, the analyst tells investors in a research note. Management continues to prove why it is viewed as one of the best operators in the gaming space by putting up one of the best quarters in gaming to this point, the firm says.