Stifel upgraded Red Rock Resorts (RRR) to Buy from Hold with a price target of $68, up from $63. The firm sees a “compelling risk/reward scenario” following the stock’s recent selloff. Red Rock’s 2026 consensus estimates have enough construction disruption headwinds from its Durango property and the company is seeing continued strength in the Las Vegas locals market, the analyst tells investors in a research note.
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