BUZZ-Truist raises PT on Red Rock Resorts after Q4 results

Reuters

02/12

BUZZ-Truist raises PT on <a href="https://laohu8.com/S/RRR">Red Rock Resorts</a> after Q4 results

** Truist raises PT on casino operator Red Rock Resorts RRR.L to $80 from $75, which is a 19.7% upside to the stock's last close

** Co posts Q4 adj EBITDA of $213.3 million, above analysts' estimate of $206.1 million - data compiled by LSEG

** Reports Q4 revenue of $511.8 million, above analysts' estimate of $502.6 - data compiled by LSEG

** Co declares a special dividend of $1.00 per share

** Stability in Q4 has continued into Q1 with core slot business remaining resilient, brokerage says

** Including session's move, RRR up 33.5% in the last 12 months

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com))

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