Truist Securities Maintains Buy on Churchill Downs, Lowers Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Barry Jonas has maintained a 'Buy' rating on Churchill Downs (NASDAQ:CHDN) but lowered the price target from $155 to $148.
October 18, 2023 | 4:19 pm
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Churchill Downs' price target has been lowered from $155 to $148 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. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
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IMPORTANCE 70
RELEVANCE 100