JMP Securities analyst Jordan Bender lowered the firm’s price target on Red Rock Resorts (RRR) to $61 from $65 and keeps an Outperform rating on the shares. EBITDA of $183M missed consensus by 2% and the firm’s estimate by only $1M as seasonality returned to the Las Vegas Locals market, JMP told investors in a research note.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RRR: