Stifel Maintains Hold on Red Rock Resorts, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Steve Wieczynski has maintained a Hold rating on Red Rock Resorts (NASDAQ:RRR) and increased the price target from $47 to $54.
December 21, 2023 | 3:55 pm
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Stifel analyst Steve Wieczynski maintains a Hold rating on Red Rock Resorts but raises the price target from $47 to $54.
The increase in price target by Stifel suggests a positive outlook on the stock's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Hold rating indicates that the analyst does not see significant upside or momentum beyond the new target price in the near term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100