Barclays Sticks to Their Buy Rating for Red Rock Resorts (RRR)
In a report released yesterday, Brandt Montour from Barclays maintained a Buy rating on Red Rock Resorts, with a price target of $62.67. The company’s shares closed yesterday at $62.67.
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Montour covers the Consumer Cyclical sector, focusing on stocks such as Caesars Entertainment, MGM Resorts, and PENN Entertainment. According to TipRanks, Montour has an average return of 8.6% and a 52.70% success rate on recommended stocks.
Red Rock Resorts has an analyst consensus of Strong Buy, with a price target consensus of $64.27.
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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