Red Rock Resorts Inc (RRR) Receives a Buy from SunTrust Robinson


SunTrust Robinson analyst Patrick Scholes reiterated a Buy rating on Red Rock Resorts Inc (NASDAQ: RRR) yesterday and set a price target of $38. The company’s shares opened today at $31.66.

According to TipRanks.com, Scholes is a 5-star analyst with an average return of 15.1% and a 67.3% success rate. Scholes covers the Services sector, focusing on stocks such as Wyndham Destinations Inc, Marriott International, and Eldorado Resorts.

Red Rock Resorts Inc has an analyst consensus of Moderate Buy, with a price target consensus of $38.67, which is a 22.1% upside from current levels. In a report issued on August 1, Deutsche Bank also maintained a Buy rating on the stock with a $39 price target.

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Red Rock Resorts Inc’s market cap is currently $2.2B and has a P/E ratio of 15.92. The company has a Price to Book ratio of 4.33.

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Red Rock Resorts, Inc. is a holding company, which engages in the management and development of gaming and entertainment facilities. It operates through the Las Vegas Operations and Native American Management segments.

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