Stifel lowered the firm’s price target on Churchill Downs (CHDN) to $142 from $161 and keeps a Buy rating on the shares. Ahead of the company’s scheduled Q1 earnings report on April 23, the firm adjusted its model to align to the latest monthly state data, lowering its Q1 adjusted EBITDA view 4% entirely on adverse weather headwinds, the analyst tells investors in a preview.
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