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Fly News Breaks for March 2, 2020
CHDN, GDEN
Mar 2, 2020 | 08:02 EDT
JPMorgan analyst Daniel Politzer downgraded Golden Entertainment (GDEN) to Neutral from Overweight with an unchanged price target of $19. The analyst prefers to take a more conservative stance on the stock's risk/reward spectrum. While Golden's valuation is attractive and 2020 should still be an inflection year as Strat disruption subsides, the shares currently offer more downside risk than upside potential, Politzer tells investors in a research note. The analyst coupled the downgrade with an upgrade of Churchill Downs (CHDN) to Overweight.