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Fly News Breaks for September 20, 2018
CHDN
Sep 20, 2018 | 07:49 EDT
Jefferies analyst David Katz raised his price target for Churchill Downs to $325 saying the company is "one of the most overlooked names in the sector." Recent investor meetings support an incrementally more positive view of the "myriad" growth avenues available to Churchill Downs, although some are hard to model in the near term, such as sports betting and iGaming, Katz tells investors in a research note titled "A Steady Hand & Watchful Eye." Nonetheless, the analyst believes the company's "continued" steady growth, "prudent" capital deployment and future opportunities are approximately priced into the "present premium valuation relative to the group." As such, he keeps a Hold rating on Churchill Downs.
News For CHDN From the Last 2 Days
CHDN
Mar 28, 2024 | 15:56 EDT
Welcome to the latest edition of "Bet On It," where The Fly looks at news and activity in the sports betting and iGaming space.  SECTOR RECAP: Nevada reported... To see the rest of the story go to thefly.com. See Story Here
CHDN
Mar 28, 2024 | 09:34 EDT
Nevada reports February Las Vegas Strip gaming win up 12.4% to $800.75M versus last year. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).