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CHDN

Churchill Downs

$264.35

5.58 (2.16%)

16:46
01/11/19
01/11
16:46
01/11/19
16:46

Churchill Downs confirms 3-for-1 stock split record date January 11

As previously announced on October 31, 2018, the board of Churchill Downs Incorporated approved a three-for-one split of the company's common stock for shareholders of record as of January 11, 2019. The Stock Split will be effectuated by distributing to each shareholder two additional shares for every outstanding share held as of the Split Record Date. The additional shares will be distributed on January 25, 2019, and the stock will begin trading at the split-adjusted price starting on January 28, 2019.

CHDN Churchill Downs
$264.35

5.58 (2.16%)

04/13/18
JEFF
04/13/18
NO CHANGE
JEFF
Jefferies sees opportunity in smid-cap casino stocks after selloff
The recent selloff in smid-cap casino stocks has been driven by the impact of severe weather in the regional markets as well as a challenging quarter in Las Vegas, Jefferies analyst David Katz tells investors in a research note. Following the release of positive March gross gaming revenue from several important regional markets, the context for the quarter is more positive, Katz adds. He believes the share selloff is overdone and presents opportunities in Caesars (CZR) and Penn National Gaming (PENN), among others.
05/14/18
JEFF
05/14/18
NO CHANGE
JEFF
Jefferies says Penn National, Caesars among winners from sports gaming ruling
After the Supreme Court ruled that the PASPA provision prohibiting state authorization of organized sports gambling violates the tenth amendment, Jefferies analyst David Katz reiterated his view on which companies are positioned to be key beneficiaries of the decision. He continues to identify Penn National (PENN) and Caesars (CSR) as among the top winners in terms of casino operators, followed by Eldorado Resorts (ERI), Churchill Downs (CHDN), Boyd Gaming (BYD), Monarch Casino (MCRI), and MGM Resorts (MGM). He also sees "location-agnostic" suppliers Scientific Games (SGMS) and International Game (IGT) as winners, Katz tells investors.
09/20/18
JEFF
09/20/18
NO CHANGE
Target $325
JEFF
Hold
Churchill Downs price target raised to $325 from $317 at Jefferies
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.
01/11/19
JEFF
01/11/19
UPGRADE
Target $306
JEFF
Buy
Churchill Downs upgraded to Buy from Hold at Jefferies
Jefferies analyst David Katz upgraded Churchill Downs to Buy and raised his price target for the shares to $306 from $284. The analyst sees a "compelling entry point" following the recent weakness the shares. Churchill offers a "strong" operating model, "top tier" balance sheet and near-term growth catalysts that are not included in consensus estimates, Katz tells investors in a research note.

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