Union Gaming points to strong execution at Red Rock Resorts

|About: Red Rock Resorts (RRR)|By:, SA News Editor

Union Gaming analyst John DeCree weighs in on Red Rock Resorts (RRR +5.4%) following the casino operator's Q4 earnings report.

"We believe RRR is executing on its development projects and operationally on a same-store basis and will continue to benefit from a very strong macro back drop in Las Vegas," writes DeCree.

DeCree keeps a Hold rating and price target of $27 on Red Rock, saying "we believe the market has been efficient in valuing this one given its lack of complexity."

"Las Vegas as a whole had a very good 4Q18, but if RRR can maintain this pace of operational performance going forward, we believe there could be upside to our estimates and price target," he notes.

Previously: Red Rock Resorts EPS of $0.11 (Feb. 12)

Previously: Las Vegas results lift Red Rock Resorts (Feb. 12)

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