Stifel raised the firm’s price target on Churchill Downs (CHDN) to $133 from $130 and keeps a Buy rating on the shares ahead of reported results on July 23. Shares have underperformed meaningfully year-to-date reflecting concerns on Kentucky Derby fundamentals and a gradual ramp for Churchill’s $460M “The Rose” development, the analyst says. Stifel sees potential catalysts for improved sentiment at Q2 earnings, and recommends owning the stock into the Q2 report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHDN:
- Pro poker player Galfond says amendment to BBB could end gambling in U.S.
- Nevada reports May statewide gaming win down 2.18% to $1.29B
- Churchill Downs EVP Maureen Adams Announces Retirement
- NJ state budget proposes tax hike on online betting, NJ.com reports
- Churchill Downs initiated with an Overweight at JPMorgan