Churchill Downs price target raised to $148 from $146 at JMP Securities

JMP Securities raised the firm’s price target on Churchill Downs to $148 from $146 and keeps an Outperform rating on the shares. Several property tours in recent weeks echoed a similar “more of the same” theme from the prior two years, the analyst tells investors in a research note. The firm recommends owning Churchill Downs, as it has growth catalysts in a flattish growth environment.