Deutsche Bank Maintains Buy on Red Rock Resorts, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Carlo Santarelli has reaffirmed a Buy rating on Red Rock Resorts (NASDAQ:RRR) and increased the price target from $54 to $62, indicating a positive outlook on the company's stock.
January 24, 2024 | 10:26 am
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POSITIVE IMPACT
Deutsche Bank analyst Carlo Santarelli maintains a Buy rating on Red Rock Resorts and raises the price target from $54 to $62, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's growth prospects and financial health. This can lead to increased investor confidence and a potential short-term rise in the stock price as the market adjusts to the new information.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100