Stifel analyst Jeffrey Stantial lowered the firm’s price target on Churchill Downs (CHDN) to $161 from $164 and keeps a Buy rating on the shares. Following the company’s Q4 report, the firm adjusted its model to reflect a more gradual Dumfries ramp and Q1-to-date adverse weather, noting that its consolidated 2025 and 2026 adjusted EBITDA forecasts are now 4% and 1% lower, respectively.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHDN:
- Churchill Downs price target lowered to $158 from $165 at Wells Fargo
- Churchill Downs Buy Rating: Strategic Derby Investments Poised to Boost EBITDA Amid Temporary Setbacks
- Churchill Downs Reports Record 2024 Earnings and Growth
- Churchill Downs Reports Record Earnings Amid Growth and Challenges
- Churchill Downs reports multi-year series of capital projects for Kentucky Derby