Morgan Stanley Maintains Overweight on Red Rock Resorts, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephanie Grambling has maintained an Overweight rating on Red Rock Resorts (NASDAQ:RRR) but lowered the price target from $54 to $53.
September 18, 2023 | 1:57 pm
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NEUTRAL IMPACT
Red Rock Resorts' price target has been lowered from $54 to $53 by Morgan Stanley, though the Overweight rating is maintained.
The news is directly about Red Rock Resorts. The lowering of the price target might have a negative impact, but the maintenance of the Overweight rating indicates that the analyst still sees potential in the stock. Therefore, the short-term impact is neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100