Wells Fargo Maintains Overweight on Red Rock Resorts, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Daniel Politzer has maintained an Overweight rating on Red Rock Resorts (NASDAQ:RRR) but lowered the price target from $66 to $63.

May 08, 2024 | 2:26 pm
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NEUTRAL IMPACT
Wells Fargo maintains an Overweight rating on Red Rock Resorts but lowers the price target from $66 to $63.
The adjustment in price target by Wells Fargo, while maintaining an Overweight rating, suggests a continued positive outlook on Red Rock Resorts but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the new price target against the backdrop of ongoing bullish sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100