JPMorgan raised the firm’s price target on Red Rock Resorts (RRR) to $66 from $65 and keeps an Overweight rating on the shares. The firm adjusted targets in the gaming space as part of a Q4 earnings preview. Gaming stocks “are carrying a lot of baggage and negativity,” so investors should be selective, the analyst tells investors in a research note. JPMorgan believes digital is the segment with the greatest opportunity for earnings beats.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRR:
- Red Rock Resorts price target raised to $60 from $59 at Morgan Stanley
- Red Rock Resorts price target raised to $69 from $65 at Barclays
- Red Rock Resorts price target raised to $68 from $65 at Citizens
- Red Rock Resorts price target raised to $75 from $70 at Truist
- Red Rock Resorts price target raised to $65 from $60 at BofA