Analysts Are Bullish on These Services Stocks: CHDN, EXPE

By Jason Carr

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Churchill Downs Inc (NASDAQ: CHDN) and Expedia (NASDAQ: EXPE) with bullish sentiments.

Churchill Downs Inc (NASDAQ: CHDN)

Imperial Capital analyst Gregg Klein assigned a Buy rating to Churchill Downs Inc (NASDAQ: CHDN) on July 28 and set a price target of $208. The company’s shares closed on Friday at $187.40, close to its 52-week high of $194.75.

According to TipRanks.com, Klein is a 4-star analyst with an average return of 12.3% and a 76.7% success rate. Klein covers the Services sector, focusing on stocks such as Tropicana Entertainment Inc, Monarch Casino & Resort, and Penn National Gaming.

Churchill Downs Inc has an analyst consensus of Moderate Buy, with a price target consensus of $208.

Expedia (NASDAQ: EXPE)

In a report issued on July 28, Laura Martin from Needham assigned a Buy rating to Expedia (NASDAQ: EXPE), with a price target of $180. The company’s shares closed on Friday at $159.50, close to its 52-week high of $161.

According to TipRanks.com, Martin is a top 100 analyst with an average return of 17.7% and a 69.0% success rate. Martin covers the Services sector, focusing on stocks such as Charter Communications, MSG Networks Inc, and Nielsen Holdings.

Currently, the analyst consensus on Expedia is Strong Buy and the average price target is $168, representing a 5.3% upside.

In a report issued on July 19, Oppenheimer also reiterated a Buy rating on the stock with a $175 price target.

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