Churchill Downs price target raised to $146 from $142 at Citizens

Citizens raised the firm’s price target on Churchill Downs (CHDN) to $146 from $142 and keeps an Outperform rating on the shares. Regional gaming markets are expected to improve as reduced new supply and stable fundamentals offset recent headwinds, while Las Vegas remains muted near term and digital segments drive meaningful cash flow growth, the analyst tells investors in a research note. Despite recent share underperformance, the first quarter is positioned favorably across the gaming sector, the firm says.