Barclays lowered the firm’s price target on Churchill Downs (CHDN) to $124 from $125 and keeps an Overweight rating on the shares. The firm says the company’s Derby 151 momentum is “derailed” by the macro environment while the toughest compares in Derby history “don’t help.” However, the analyst expects a resumption of steady growth in 2026, and still sees Churchill Downs as a “uniquely resilient growth asset” within gaming.
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Read More on CHDN:
- Churchill Downs Reports Record Revenue Amid Income Dip
- Churchill Downs project pause could be positive, says Citizens JMP
- Churchill Downs: Strong Q1 Performance and Strategic Capital Management Justify Buy Rating
- Churchill Downs to pause multi-year projects, cites uncertainty
- Churchill Downs reports Q1 EPS $1.02, consensus $1.04
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