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Analysts Offer Insights on Services Companies: Cedar Fair (FUN), DraftKings (DKNG) and Churchill Downs (CHDN)

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Cedar Fair (FUNResearch Report), DraftKings (DKNGResearch Report) and Churchill Downs (CHDNResearch Report).

Cedar Fair (FUN)

In a report released today, Barton Crockett from Rosenblatt Securities maintained a Hold rating on Cedar Fair, with a price target of $44.00. The company’s shares closed last Friday at $40.79.

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 3.2% and a 51.4% success rate. Crockett covers the Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Lions Gate Entertainment Class B, and Live Nation Entertainment.

Currently, the analyst consensus on Cedar Fair is a Strong Buy with an average price target of $51.88, which is a 27.4% upside from current levels. In a report issued on May 5, Credit Suisse also maintained a Hold rating on the stock with a $44.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

DraftKings (DKNG)

Wells Fargo analyst Daniel Politzer maintained a Hold rating on DraftKings today and set a price target of $24.00. The company’s shares closed last Friday at $24.58, close to its 52-week high of $25.34.

According to TipRanks.com, Politzer is a 3-star analyst with an average return of 3.2% and a 52.2% success rate. Politzer covers the Services sector, focusing on stocks such as Life Time Group Holdings, Rush Street Interactive, and Norwegian Cruise Line.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DraftKings with a $25.88 average price target, representing a 6.4% upside. In a report issued on May 5, CFRA also downgraded the stock to Hold with a $28.00 price target.

Churchill Downs (CHDN)

Jefferies analyst David Katz maintained a Buy rating on Churchill Downs yesterday and set a price target of $330.00. The company’s shares closed last Friday at $296.26, close to its 52-week high of $300.90.

According to TipRanks.com, Katz is a 4-star analyst with an average return of 7.3% and a 45.3% success rate. Katz covers the Services sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, International Game Technology, and Live Nation Entertainment.

Currently, the analyst consensus on Churchill Downs is a Strong Buy with an average price target of $246.76, representing a -15.4% downside. In a report issued on April 28, Truist Financial also maintained a Buy rating on the stock with a $109.99 price target.

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