JMP Securities Maintains Outperform on Churchill Downs, Lowers Price Target to $155
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Jordan Bender maintains an 'Outperform' rating on Churchill Downs (NASDAQ:CHDN) but lowers the price target from $160 to $155.
July 28, 2023 | 10:50 am
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NEUTRAL IMPACT
Churchill Downs' price target has been lowered from $160 to $155 by JMP Securities, though the 'Outperform' rating is maintained.
The lowering of the price target by JMP Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100