Truist Securities Maintains Hold on Red Rock Resorts, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Barry Jonas has maintained a Hold rating on Red Rock Resorts (NASDAQ:RRR) and increased the price target from $46 to $55.
December 20, 2023 | 4:33 pm
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Truist Securities analyst Barry Jonas reaffirmed a Hold rating on Red Rock Resorts, while raising the price target from $46 to $55, indicating a positive outlook on the stock's value.
The increase in price target by Truist Securities suggests a more optimistic valuation of Red Rock Resorts, which could lead to increased investor interest and a potential rise in the stock price in the short term. However, the Hold rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals that would justify an upgrade to Buy at this time.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100