Morgan Stanley Maintains Overweight on Red Rock Resorts, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling has maintained an Overweight rating on Red Rock Resorts (NASDAQ:RRR) but lowered the price target from $55 to $54.
August 04, 2023 | 6:59 pm
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Morgan Stanley has maintained an Overweight rating on Red Rock Resorts but lowered the price target from $55 to $54.
The news is directly related to Red Rock Resorts (RRR). The Overweight rating indicates that Morgan Stanley expects the stock to outperform the market, which is positive. However, the lowering of the price target from $55 to $54 might have a slight negative impact as it suggests a lower future value than previously expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100