JMP Securities Maintains Market Outperform on Churchill Downs, Lowers Price Target to $160
Portfolio Pulse from richadhand@benzinga.com
JMP Securities analyst Jordan Bender maintains a Market Outperform rating on Churchill Downs (NASDAQ:CHDN) but lowers the price target from $163 to $160.
July 17, 2023 | 1:17 pm
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Churchill Downs' price target has been lowered from $163 to $160 by JMP Securities, though the Market Outperform rating is maintained.
The lowering of the price target by JMP Securities could potentially create a negative sentiment among investors. However, the maintenance of the Market Outperform rating indicates that the analyst still sees potential in the stock, which could balance out the initial negative impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100