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Barclays Sticks to Their Buy Rating for Red Rock Resorts (RRR)

Tipranks - Tipranks - Fri Apr 17, 1:27AM CDT

In a report released today, Brandt Montour from Barclays maintained a Buy rating on Red Rock Resorts, with a price target of $69.00.

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According to TipRanks, Montour is a 4-star analyst with an average return of 6.5% and a 52.67% success rate. Montour covers the Consumer Cyclical sector, focusing on stocks such as Norwegian Cruise Line, DraftKings, and Vail Resorts.

In addition to Barclays, Red Rock Resorts also received a Buy from Jefferies’s David Katz in a report issued on April 6. However, on April 8, Morgan Stanley assigned a Hold rating to Red Rock Resorts (NASDAQ: RRR).

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Based on Red Rock Resorts’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $511.78 million and a net profit of $44.66 million. In comparison, last year the company earned a revenue of $495.7 million and had a net profit of $46.59 million

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