JP Morgan Maintains Overweight on Red Rock Resorts, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Joseph Greff maintains an Overweight rating on Red Rock Resorts (NASDAQ:RRR) but lowers the price target from $54 to $50.
November 08, 2023 | 8:39 pm
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JP Morgan maintains an Overweight rating on Red Rock Resorts but lowers the price target from $54 to $50.
The news is directly related to Red Rock Resorts (RRR). JP Morgan's decision to maintain an Overweight rating indicates a positive outlook for the company. However, the lowering of the price target from $54 to $50 may create some uncertainty among investors, potentially impacting the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100