J.P. Morgan Keeps Their Buy Rating on Churchill Downs (CHDN)
In a report released yesterday, Daniel Politzer from J.P. Morgan maintained a Buy rating on Churchill Downs, with a price target of $126.00. The company’s shares closed yesterday at $101.55.
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Politzer covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, Marriott International, and Choice Hotels. According to TipRanks, Politzer has an average return of 6.8% and a 49.68% success rate on recommended stocks.
Currently, the analyst consensus on Churchill Downs is a Strong Buy with an average price target of $127.37, a 25.43% upside from current levels. In a report released yesterday, Citizens JMP also maintained a Buy rating on the stock with a $149.00 price target.
Based on Churchill Downs’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $663 million and a net profit of $83 million. In comparison, last year the company earned a revenue of $642.6 million and had a net profit of $76.7 million
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