Wells Fargo raised the firm’s price target on Churchill Downs (CHDN) to $125 from $115 and keeps an Overweight rating on the shares. The firm added Churchill Downs to the firm’s Q1 2026 Tactical Ideas List. Wells expects Q1 results to be a positive catalyst to Churchill’s shares given solid quarter-to-date monthly trends, easy Derby comps and a cheap valuation even after the recent rally in shares.
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