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Fly News Breaks for February 23, 2018
RRR
Feb 23, 2018 | 07:36 EDT
As previously reported, Stifel analyst Steven Wieczynski downgraded Red Rock Resorts to Hold from Buy, citing valuation. While a robust local economy should continue to support outsized growth in the Las Vegas Locals gaming market, even after pushing his target valuation out to 2020 Wieczynski only sees a 12-month return opportunity of about 7%, he tells investors. However, he raised his price target on Red Rock shares to $37 from $29.
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