Churchill Downs Analyst Bullish About Kentucky Derby, New Virginia Gaming Resort: 'Sustainable Double-Digit Growth'
Portfolio Pulse from Chris Katje
Churchill Downs Inc (NASDAQ: CHDN) received an upgrade from Bank of America analyst Shaun C. Kelley, who raised the price target from $145 to $155. The upgrade is driven by strong organic growth, a promising development pipeline, and the upcoming opening of a new gaming resort in Northern Virginia. Kelley believes Churchill Downs can achieve sustainable double-digit growth, setting it apart from its peers.
August 12, 2024 | 5:43 pm
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Churchill Downs Inc (NASDAQ: CHDN) received an upgrade from Bank of America analyst Shaun C. Kelley, who raised the price target from $145 to $155. The upgrade is driven by strong organic growth, a promising development pipeline, and the upcoming opening of a new gaming resort in Northern Virginia. Kelley believes Churchill Downs can achieve sustainable double-digit growth, setting it apart from its peers.
The upgrade from Neutral to Buy and the increased price target from $145 to $155 by a reputable analyst is likely to positively impact Churchill Downs' stock price in the short term. The company's strong organic growth, new gaming resort opening, and promising development pipeline are key factors driving this positive outlook.
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