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Fly News Breaks for February 4, 2020
RRR
Feb 4, 2020 | 07:00 EDT
SunTrust analyst Barry Jonas upgraded Red Rock Resorts to Buy from Hold with a price target of $30, up from $25. The analyst notes that his prior neutral thesis that warned about the risks of the $1B Palms development has played out with shares underperforming its gaming peers. Jonas notes that the stock now offers upside from the strong core Locals outlook, over $500M of excess monetizable land, and a new tribal contract potentially moving out of litigation.
News For RRR From the Last 2 Days
