Churchill Downs Analyst Sized Up 'High-Quality Kentucky Derby Asset': Project Pipeline Includes Casinos
Portfolio Pulse from Chris Katje
Stifel analyst Jeffrey Stantial has initiated Churchill Downs Inc (NASDAQ:CHDN) with a Buy rating and a price target of $148. Stantial believes Churchill Downs could be one of the best growth stories in the gaming space, with potential for high ROI expansion projects. The company operates with three segments: live & historical racing, TwinSpires and gaming. Churchill Downs has partnered with DraftKings Inc (NASDAQ:DKNG) for its DK Horse platform.
October 03, 2023 | 4:07 pm
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Churchill Downs has been initiated with a Buy rating by Stifel analyst Jeffrey Stantial, who sees potential for high ROI expansion projects.
The positive rating from the Stifel analyst, along with the potential for high ROI expansion projects, could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Churchill Downs has partnered with DraftKings for its DK Horse platform.
The partnership with Churchill Downs for the DK Horse platform could potentially increase DraftKings' user base and revenue, leading to a potential rise in the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70