Growth PotentialRed Rock Resorts has an untapped land bank, which provides the company with optionality for future developments.
Market StrengthThere is a compelling long-term case to own Red Rock Resorts based on continued strength in the LVL market and potential market share gains due to superior assets.
Stock UpgradeThe recent pullback has created a compelling risk/reward scenario for Red Rock Resorts, leading to an upgrade in the stock to Buy.