Churchill Downs (CHDN) Gets a Buy from Wells Fargo
Wells Fargo analyst Trey Bowers maintained a Buy rating on Churchill Downs yesterday and set a price target of $159.00. The company’s shares closed yesterday at $91.99.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Bowers covers the Consumer Cyclical sector, focusing on stocks such as Carnival, Viking Holdings, and DraftKings. According to TipRanks, Bowers has an average return of -4.1% and a 36.54% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Churchill Downs with a $141.75 average price target, which is a 54.09% upside from current levels. In a report released yesterday, Barclays also assigned a Buy rating to the stock with a $132.00 price target.
Based on Churchill Downs’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $665.9 million and a net profit of $49.8 million. In comparison, last year the company earned a revenue of $624.2 million and had a net profit of $71.7 million
Read More on CHDN:
Disclaimer & DisclosureReport an Issue
- Ohio lawmaker introduces bill to increase gambling taxes, News 5’s Trau reports
- Appeals court rules NJ can’t stop Kalshi bets on sports, Reuters says
- Churchill Downs price target lowered to $139 from $143 at Jefferies
- Churchill Downs says court rules HISA acted in ‘arbitrary manner’
- Nevada reports February statewide gaming win up 1.5% to $1.24B
