Brokerage downgrades Red Rock Resorts to "neutral"; shares fall

Red Rock Resorts

25/11/2024 14:13

** Shares of casino operator Red Rock Resorts  RRR.O  down
1.18% to $50 premarket 
    ** Brokerage Mizuho downgrades stock to "neutral" from
"outperform"
    ** Believes Wall Street expectations are significantly "too
high" in 2025 as slower market growth and construction
disruption will weigh on stock 
    ** Brokerage cuts target price to $44 from $57 - a 13%
downside to RRR's last close
    ** Up to last close, stock down 2.98% YTD

 (Reporting by Anshuman Tripathy)
 ((Anshuman.Tripathy@thomsonreuters.com))