Red Rock Resorts price target raised to $73 from $65 at Jefferies

Jefferies raised the firm’s price target on Red Rock Resorts (RRR) to $73 from $65 and keeps a Buy rating on the shares. Jefferies told investors in a research note that Red Rock Resorts’ capital project pipeline growth through the next few years is clear and the economic tailwinds in the Las Vegas valley remain compelling. With same-store growth very limited, the firm believes upside opportunities are best in internal and new market capital growth. Jefferies updated FY26 estimates and launched FY27 estimates, which the firm said “substantiate” its upside cases for these Buy-rated names.