红石度假村获得Truist Securities的看涨评级

Truist Securities upgraded Red Rock Resorts (NASDAQ:RRR) to a Buy rating on Wednesday after having the casino stock se at Hold.

Analyst Barry Jonas sees further upside for Red Rock Resorts (NASDAQ:RRR), despite the meaningful 2025 rally. Jonas highlighted that the locals market appears to be very well positioned amidst favorable population trends. Red Rock Resorts (RRR) was said to be benefiting even more than expected given a continued flight to quality. The company is also believed to be seeing less construction disruption than feared. Looking ahead, the recently passed No Tax On Tips law is seen as another tailwind for the industry/market, with operators noting a potential $80 million to $85 million inflow of discretionary income marketwide.

"While the recent run-up in the stock suggests the buy side may be ahead of the sell side, we could see a continued flight to quality given the macro uncertainty across the market," wrote Jonas. "We like the setup for Q2, but our call is more than the quarter seeing upside to forward estimates ahead on potentially lower than expected construction disruption, North Fork cash flows, and ultimately more growth projects in Vegas," he added.

Truist Securities increased its price target on Red Rock Resorts (RRR) to $67 from $45. The PT is based on a ~10X multiple of the 2027 EBITDA estimate.

Shares of Red Rock Resorts (RRR) edged 0.8% higher in premarket trading.