Wells Fargo Maintains Overweight on Churchill Downs, Lowers Price Target to $139
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Daniel Politzer has maintained an Overweight rating on Churchill Downs (NASDAQ:CHDN) but lowered the price target from $150 to $139.

July 28, 2023 | 3:40 pm
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Churchill Downs' price target has been lowered from $150 to $139 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees the stock as a good investment, which could counterbalance the negative sentiment.
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IMPORTANCE 80
RELEVANCE 100