Susquehanna Hikes Churchill Downs (CHDN) Target on Strategic Asset Sales & Derby Strength

Investing.com - Susquehanna raised its price target on Churchill Downs Inc. (NASDAQ:CHDN) shares to $118 from $115 while maintaining a Positive rating on the stock.

The firm’s action followed Churchill Downs’ third-quarter results, which showed revenue of $696 million and EBITDA of $264 million. The results came in 0.5% below and 0.8% above consensus estimates, respectively. The stock has surged nearly 9% over the past week, trading at $91.16 with a market cap of $6.35 billion. According to Inv