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Goldman Sachs expects Red Rock Resorts to rally

Jun. 11, 2019 8:39 AM ETRed Rock Resorts, Inc. (RRR) StockRRRBy: Clark Schultz, SA News Editor1 Comment
  • Red Rock Resorts (NASDAQ:RRR) is on watch after Goldman Sachs steps in with an upgrade to a Buy rating on the casino stock.
  • Goldman sees a successful ramp for the Palms Casino Resort and thinks Red Rock Resorts will see a free cash flow inflection point in 2020.
  • Goldman's price target of $29 on RRR reps 34% upside potential.

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