Barclays lowered the firm’s price target on Churchill Downs (CHDN) to $124 from $125 and keeps an Overweight rating on the shares. The firm says the company’s Derby 151 momentum is “derailed” by the macro environment while the toughest compares in Derby history “don’t help.” However, the analyst expects a resumption of steady growth in 2026, and still sees Churchill Downs as a “uniquely resilient growth asset” within gaming.
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