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Analysts Offer Insights on Consumer Cyclical Companies: Red Rock Resorts (RRR) and Garrett Motion (GTX)

Tipranks - Tue Jul 7, 9:26AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Red Rock Resorts (RRR) and Garrett Motion (GTX) with bullish sentiments.

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Red Rock Resorts (RRR)

In a report released today, David Katz from Jefferies maintained a Buy rating on Red Rock Resorts, with a price target of $75.00. The company’s shares closed last Monday at $65.27.

According to TipRanks.com, Katz is a 4-star analyst with an average return of 7.1% and a 47.1% success rate. Katz covers the NA sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, Rush Street Interactive, and Monarch Casino & Resort. ;'>

Red Rock Resorts has an analyst consensus of Strong Buy, with a price target consensus of $69.79, which is a 5.2% upside from current levels. In a report issued on June 26, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $72.00 price target.

See the top stocks recommended by analysts >>

Garrett Motion (GTX)

BWS Financial analyst Hamed Khorsand maintained a Buy rating on Garrett Motion today and set a price target of $42.00. The company’s shares closed last Monday at $32.60.

According to TipRanks.com, Khorsand is a 5-star analyst with an average return of 19.4% and a 59.1% success rate. Khorsand covers the Technology sector, focusing on stocks such as Ubiquiti Networks, A10 Networks, and Immersion. ;'>

Currently, the analyst consensus on Garrett Motion is a Moderate Buy with an average price target of $32.20, a -1.1% downside from current levels. In a report issued on June 28, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $40.00 price target.

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