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Fly News Breaks for August 2, 2019
CHDN
Aug 2, 2019 | 08:21 EDT
Jefferies analyst David Katz raised his price target for Churchill Downs to $150 from $135 and keeps a Buy rating on the shares. The strength of the Q2 results and the updated commentary around the company's growth opportunities should continue to move the shares higher, Katz tells investors in a research note titled "Cheap Disguised As Expensive." He believes Churchill Downs has the "broadest and most specific growth avenues in the sector" and expects estimates to grow into the stocks' valuation.
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