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Fly News Breaks for August 3, 2018
CHD
Aug 3, 2018 | 08:59 EDT
BMO Capital analyst Shannon Coyne raised her price target on Church & Downs to $55 from $47 after its better than expected earnings and revenues in Q2. The analyst says the results were impressive given the company's pullback in promotions, adding that the pricing adjustments forecast by the management will take some time to implement. Coyne keeps her Market Perform rating on Church & Downs, adding that the reduced promotional developments have been reflected in the valuation.
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