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Red Rock Resorts (RRR) Gets a Buy from J.P. Morgan

Tipranks - Tipranks - Fri May 1, 7:40AM CDT

In a report released today, Daniel Politzer from J.P. Morgan maintained a Buy rating on Red Rock Resorts, with a price target of $66.00.

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According to TipRanks, Politzer is a 4-star analyst with an average return of 6.8% and a 50.97% success rate. Politzer covers the Consumer Cyclical sector, focusing on stocks such as Choice Hotels, Marriott International, and DraftKings.

In addition to J.P. Morgan, Red Rock Resorts also received a Buy from Citizens JMP’s Jordan Bender in a report issued today. However, on April 15, Wells Fargo maintained a Hold rating on 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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