Jefferies analyst David Katz raised the firm’s price target on Churchill Downs (CHDN) to $145 from $125 and keeps a Buy rating on the shares. Churchill Downs laps an easy Derby comparison and should benefit from the gradual ramp of The Rose and Henrico properties, Jefferies told investors in a research note. With same-store growth very limited, the firm believes upside opportunities are best in internal and new market capital growth. Jefferies updated FY26 estimates and launched FY27 estimates, which the firm said “substantiate” its upside cases for these Buy-rated names.
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