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Bank of America Securities Remains a Hold on Red Rock Resorts (RRR)

Tipranks - Tipranks - Wed Feb 18, 6:11AM CST

Bank of America Securities analyst Shaun Kelley reiterated a Hold rating on Red Rock Resorts today and set a price target of $65.00.

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According to TipRanks, Kelley is a 3-star analyst with an average return of 2.9% and a 51.88% success rate. Kelley covers the Consumer Cyclical sector, focusing on stocks such as Vail Resorts, MGM Resorts, and Boyd Gaming.

In addition to Bank of America Securities, Red Rock Resorts also received a Hold from Morgan Stanley’s Stephen Grambling in a report issued on February 12. However, on the same day, Citi maintained a Buy rating on Red Rock Resorts (NASDAQ: RRR).

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Based on Red Rock Resorts’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $475.57 million and a net profit of $42.25 million. In comparison, last year the company earned a revenue of $468.02 million and had a net profit of $28.95 million

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