tiprankstipranks
Trending News
More News >

Churchill Downs price target lowered to $134 from $137 at Mizuho

Mizuho lowered the firm’s price target on Churchill Downs (CHDN) to $134 from $137 and keeps an Outperform rating on the shares. Based on a recent ruling, Churchill must turn off its 500 historical horse racing machines in Louisiana, the analyst tells investors in a research note. The firm says that based on state filings, the slot machines generated $40M of the company’s revenue in 2024, implying $110M from historical horse racing and video poker.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue