Red Rock Resorts (RRR) Receives a Buy from Barclays
Barclays analyst Brandt Montour maintained a Buy rating on Red Rock Resorts today and set a price target of $72.00.
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Montour covers the Consumer Cyclical sector, focusing on stocks such as Churchill Downs, PENN Entertainment, and MGM Resorts. According to TipRanks, Montour has an average return of 7.8% and a 53.77% success rate on recommended stocks.
In a report released on July 6, Jefferies also maintained a Buy rating on the stock with a $75.00 price target.
Based on Red Rock Resorts’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $507.32 million and a net profit of $42.89 million. In comparison, last year the company earned a revenue of $497.86 million and had a net profit of $44.75 million
