Truist Securities Maintains Buy on Churchill Downs, Lowers Price Target to $155
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Barry Jonas has maintained a 'Buy' rating on Churchill Downs (NASDAQ:CHDN) but lowered the price target from $165 to $155.
July 28, 2023 | 2:42 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Churchill Downs' price target has been lowered from $165 to $155 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside in the stock, which could counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100