Morgan Stanley Downgrades Red Rock Resorts to Equal-Weight, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephanie Grambling downgraded Red Rock Resorts (RRR) from Overweight to Equal-Weight and reduced the price target from $49 to $48.

January 09, 2024 | 12:29 pm
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Red Rock Resorts was downgraded by Morgan Stanley from Overweight to Equal-Weight with a price target decrease from $49 to $48.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target, although slight, reinforces the more cautious stance from Morgan Stanley, which may lead investors to reevaluate the company's growth prospects.
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IMPORTANCE 75
RELEVANCE 100