Red Rock Resorts price target lowered to $58 from $63 at Truist

Truist analyst Barry Jonas lowered the firm’s price target on Red Rock Resorts (RRR) to $58 from $63 and keeps a Hold rating on the shares as part of a broader research note previewing Q3 results in the Gaming sector. The fear of a large, deep gaming downturn seems to have passed for now, even though investor sentiment still seems to reflect consumer malaise, the analyst tells investors in a research note.