Susquehanna analyst Joseph Stauff raised the firm’s price target on Red Rock Resorts (RRR) to $65 from $52 and keeps a Positive rating on the shares. The firm updated its model and raised its target to factor in the implied multiple expansion associated with more market tailwinds for the company versus an improved probability of achieving attractive returns from its 2025 projects.
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Read More on RRR:
- Red Rock Resorts price target raised to $62 from $54 at Barclays
- Red Rock Resorts price target raised to $57 from $55 at Citizens JMP
- Red Rock Resorts upgraded to Buy from Hold at Truist
- Red Rock Resorts price target raised to $49 from $47 at Morgan Stanley
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