Wells Fargo Maintains Overweight on Red Rock Resorts, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Daniel Politzer has maintained an Overweight rating on Red Rock Resorts (NASDAQ:RRR) but lowered the price target from $55 to $53.
August 04, 2023 | 3:37 pm
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NEUTRAL IMPACT
Red Rock Resorts' price target has been lowered from $55 to $53 by Wells Fargo, though the Overweight rating is maintained.
The news is directly about Red Rock Resorts and is likely to influence investor sentiment. The lowering of the price target might be seen as a negative signal, but the maintenance of the Overweight rating indicates that the analyst still sees potential in the stock. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100