Red Rock Resorts price target raised to $65 from $62 at Macquarie

Macquarie analyst Chad Beynon raised the firm’s price target on Red Rock Resorts to $65 from $62 and keeps an Outperform rating on the shares after the company reported Q2 revenue and EBITDA that were 2% and 3% above consensus, respectively. The firm remains convinced in the long-term growth profile of Red Rock, the analyst tells investors in a post-earnings note.