Barclays Maintains Overweight on Red Rock Resorts, Lowers Price Target to $63
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandt Montour has maintained an Overweight rating on Red Rock Resorts (NASDAQ:RRR) but lowered the price target from $64 to $63.

May 08, 2024 | 6:53 pm
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Barclays maintains an Overweight rating on Red Rock Resorts but lowers the price target from $64 to $63.
The adjustment in price target by Barclays reflects a slight change in valuation perspective, possibly due to updated financial analysis or market conditions. However, maintaining an Overweight rating indicates a continued positive outlook on the stock, suggesting that the reduction in price target might not significantly impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100