Morgan Stanley Maintains Equal-Weight on Red Rock Resorts, Raises Price Target to $56
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephanie Grambling maintains an Equal-Weight rating on Red Rock Resorts (NASDAQ:RRR) and raises the price target from $54 to $56.
September 04, 2024 | 12:36 pm
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Morgan Stanley has maintained its Equal-Weight rating on Red Rock Resorts and increased the price target from $54 to $56, indicating a slightly positive outlook.
The increase in price target from $54 to $56 by Morgan Stanley suggests a slightly positive outlook for Red Rock Resorts. Maintaining the Equal-Weight rating indicates that the stock is expected to perform in line with the market. The raised price target could lead to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100