Red Rock Resorts price target raised to $79 from $73 at Jefferies

Core Viewpoint - Jefferies has raised the price target for Red Rock Resorts (RRR) to $79 from $73 while maintaining a Buy rating, citing better-than-expected Q4 results and the company's leadership in the LVL market [1] Financial Performance - Red Rock Resorts reported better-than-expected Q4 results, which are likely to positively impact the share price [1] - The firm continues to demonstrate strong execution in capital projects, which are on time and on budget [1] Strategic Initiatives - A new phase has been announced at Sunset Station, indicating ongoing development and expansion efforts [1] - While construction may temporarily affect near-term growth, the company's proven track record supports confidence in achieving or exceeding return targets [1]