Red Rock Resorts price target lowered to $62 from $65 at Barclays

Barclays analyst Brandt Montour lowered the firm’s price target on Red Rock Resorts (RRR) to $62 from $65 and keeps an Overweight rating on the shares. The company reported a “soft” Q3 report and Q4 guide on negative seasonality and election impacts, the analyst tells investors in a research note. The firm says Red Rock’s capital projects in 2025 “add a layer of disruption, dragging estimates lower.”