Wells Fargo Maintains Overweight on Red Rock Resorts, Lowers Price Target to $55
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Daniel Politzer has maintained an 'Overweight' rating on Red Rock Resorts (NASDAQ:RRR) but lowered the price target from $56 to $55.
July 10, 2023 | 2:53 pm
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NEUTRAL IMPACT
Red Rock Resorts' price target has been lowered from $56 to $55 by Wells Fargo, though the 'Overweight' rating is maintained.
The news is directly related to Red Rock Resorts (RRR). The lowering of the price target by Wells Fargo might create a negative sentiment among investors, potentially impacting the stock price. However, the maintained 'Overweight' rating indicates that the analyst still sees potential in the stock, which could balance out the impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100