![]() ![]() The opening of the Durango Casino, although delayed, is expected to significantly enhance earnings in the long run. Furthermore, RRR is showing stability within its cost structure even under inflationary pressures, setting the stage for the forthcoming Durango opening. Despite facing stiff competition, the company managed to bolster its Food & Beverage and hotel revenue, thereby offsetting the casino revenue. RRR’s third quarter performance was robust, with a slight EBITDA beat and revenue maintenance within 1% from the stimulus-driven levels of 2021. ![]() Jordan Bender’s Buy rating for Red Rock Resorts (RRR) is predicated on a multitude of factors. Analyst Jordan Bender from JMP Securities remains neutral on the stock and has a $52.00 price target. Red Rock Resorts ( RRR – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst today. ![]()
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