Morgan Stanley Maintains Overweight on Red Rock Resorts, Lowers Price Target to $50
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 $53 to $50.
October 13, 2023 | 2:14 pm
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NEUTRAL IMPACT
Red Rock Resorts' price target has been lowered from $53 to $50 by Morgan Stanley, though the Overweight rating is maintained.
The news directly pertains to Red Rock Resorts (RRR). The lowering of the price target might indicate a slightly less optimistic outlook for the company's stock, but the maintenance of the Overweight rating suggests that the analyst still sees potential for the stock to outperform. This could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100