JMP Securities Maintains Market Outperform Rating for Churchill Downs: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JMP Securities has reaffirmed its Market Outperform rating on Churchill Downs (NASDAQ:CHDN) and increased its price target from $146.00 to $148.00. Churchill Downs' shares are currently trading at $124.00, and the new price target suggests a potential upside of 19.35%. Churchill Downs operates in gaming, online wagering, and racing, with the Gaming segment being its largest revenue contributor.
January 18, 2024 | 5:00 pm
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JMP Securities maintains a Market Outperform rating on Churchill Downs and raises the price target to $148, indicating a significant potential upside from the current price.
The reaffirmation of the Market Outperform rating and the increase in price target by JMP Securities are strong positive signals for investors, suggesting confidence in Churchill Downs' future performance. This could lead to increased investor interest and a potential short-term rise in the stock price, especially considering the substantial 19.35% upside implied by the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100