Markets

Consumer Sector Update for 09/14/2015: CHDN,CHS,FCAU

Top Consumer Stocks

WMT -0.73%

MCD -0.74%

DIS -0.95%

CVS -1.30%

KO -0.52%

Losses on consumer stocks were beginning to accelerate Monday afternoon, with shares of consumer staples companies in the S&P 500 declining 0.6% while shares of consumer discretionary firms in the S&P 500 were dropping almost 0.8%.

In company news, Churchill Downs Inc. ( CHDN ) still was in the winners' circle today after analysts at Imperial Capital raised their price target for the horse racing and casino company by $25 to $150 a share.

Imperial also reiterated its Outperform rating for Churchill Downs' stock.

CHDN shares were hanging onto a 0.4% gain at $139.40 apiece, earlier racing to a session high of $138.80 a share. The stock already had climbed over 44% in value over the past 12 months through Friday's close.

In other sector news,

(+) CHS, (+9.3%) Reportedly considering a sale of the company following approaches by private equity firms, Bloomberg said. Sycamore Partners is said to have made an offer but the company continues to seek out other bids, according to the report.

(-) FCAU, (-1.7%) Confirms that it was selected by UAW to set pattern on a new collective bargaining agreement for auto workers.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CHDN

Other Topics

Commodities

Latest Markets Videos