- Analyst coverage opens up on Red Rock Resorts (RRR +0.5%) following the company's IPO last month.
- Wall Street is decidedly bullish on the majority owner of Stations Casinos with a positive view of Las Vegas trends the consensus.
- Stifel Nicolaus, Deutsch Bank, and Bank of America Merrill Lynch are all in with initiations at Buy. JPMorgan and Wells Fargo are also bullish with Outperform and Overweight ratings, respectively. Goldman Sachs is the cautious one of the bunch with a Neutral rating and $20 price target.
- SA contributors Trent Tillman and Don Dion have articles on Red Rock Resorts which investors can read knowing that they weren't underwriters on the Red Rock Resorts IPO like BAML, Deutsche, Goldman, and JPMorgan.
- Related ETF: BJK.