Stifel analyst Jeffrey Stantial lowered the firm’s price target on Churchill Downs (CHDN) to $161 from $164 and keeps a Buy rating on the shares. Following the company’s Q4 report, the firm adjusted its model to reflect a more gradual Dumfries ramp and Q1-to-date adverse weather, noting that its consolidated 2025 and 2026 adjusted EBITDA forecasts are now 4% and 1% lower, respectively.
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