Analyst: Coronavirus Derby threat is 'overblown'

A J.P. Morgan analyst upgraded shares of Churchill Downs Inc. (Nasdaq: CHDN) on Monday morning despite fears of a coronavirus pandemic affecting the Kentucky Derby in May. Analyst Daniel Politzer told MarketWatch investor concerns over the coronavirus impacting the company's signature event are "overblown." He said the stock was likely trading under assumptions the Kentucky Derby could be canceled, which Politzer called "unlikely." He raised the company's rating to "overweight" from "neutral" while…