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Fly News Breaks for March 8, 2017
RRR
Mar 8, 2017 | 07:28 EDT
Stifel analyst Steven Wieczynski expects Red Rock Resorts' stock "to come under pressure" as investors realize that 2017 will be "more a year of transition than growth" for the company. However, the analyst remains upbeat on the fundamentals of the Las Vegas economy and recommends that investors buy the stock in the wake of any "undue selling." The analyst expects the stock to rebound later in the year as investors realize that the company will do well in 2018 as construction issues at the Palace ease. Wieczynski keeps a Buy rating on the shares.
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