Churchill Downs price target raised to $152 from $150 at Macquarie

Macquarie raised the firm’s price target on Churchill Downs to $152 from $150 and keeps an Outperform rating on the shares. The company reported a Q4 beat and has a solid growth pipeline over the next two years, the analyst tells investors in a research note. The firm believes Churchill Downs “stands out” given its expansion projects in addition to the P2E and Exacta Systems acquisitions, which it says will lead to near-industry leading growth.