Wells Fargo Downgrades Churchill Downs to Equal-Weight, Announces $137 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Daniel Politzer has downgraded Churchill Downs (NASDAQ:CHDN) from Overweight to Equal-Weight and set a price target of $137.

January 05, 2024 | 2:11 pm
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Churchill Downs was downgraded by Wells Fargo from Overweight to Equal-Weight with a price target of $137.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target, while not necessarily negative, is a key figure that investors will compare against the current stock price to assess potential growth or lack thereof.
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