Barclays Keeps Their Buy Rating on Red Rock Resorts (RRR)
In a report released today, Brandt Montour from Barclays maintained a Buy rating on Red Rock Resorts, with a price target of $65.00.
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According to TipRanks, Montour is a 4-star analyst with an average return of 6.2% and a 48.47% success rate. Montour covers the Consumer Cyclical sector, focusing on stocks such as Caesars Entertainment, PENN Entertainment, and DraftKings.
In addition to Barclays, Red Rock Resorts also received a Buy from Citi’s James Hardiman in a report issued on November 20. However, on November 18, Wells Fargo initiated coverage with a Hold rating on Red Rock Resorts (NASDAQ: RRR).
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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