Morgan Stanley cuts price targets on Red Rock Resorts and Wynn Resorts shares
Morgan Stanley lowered its price target on Red Rock Resorts to $59 from $61 and on Wynn Resorts to $120 from $128. Dow Jones Newswires, citing Benzinga.
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what happened
Morgan Stanley reduced its price target on Red Rock Resorts (RRR) to $59 from $61 and kept its Equal-Weight rating. Dow Jones Newswires reported the change, citing Benzinga.
The same day, the bank lowered its price target on Wynn Resorts (WYNN) to $120 from $128. The materials give no further details on the reasons for the revision.
why it matters
Price target revisions from major brokers reflect analysts' updated view of a stock and can shape investor sentiment toward casino and resort operators. On their own, such changes do not alter the companies' operating results.
tags
instruments
sources
- Red Rock Resorts Price Target Cut to $59.00/Share From $61.00 by Morgan Stanley — Dow Jones Newswires, 19 October 2026 at 17:26 UTC
- Wynn Resorts Price Target Cut to $120.00/Share From $128.00 by Morgan Stanley — Dow Jones Newswires, 19 October 2026 at 17:35 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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