Churchill Downs (CHDN) news

Churchill Downs Inc: Citizens cuts target price to $137 from $149

Citizens has reduced its price target for Churchill Downs Inc. (NASDAQ:CHDN) to $137 from $149, while retaining its Market Outperform rating . The adjustment reflects a reassessment of valuation multiples due to slower growth and emerging risks, including the opening of Bally’s Chicago and the…

Churchill Downs weights selling some regional gaming properties

Churchill Downs Inc., the parent company of the Kentucky Derby, is reportedly considering the sale of some of its regional gaming properties as part of a strategic review of its portfolio [1]. The company has not disclosed specific properties under consideration, but industry analysts suggest that…

Churchill Downs Incorporated: Wells Fargo cuts target price to $120 from $132

State of Maryland to buy Preakness IP rights for $85 mln

Churchill Downs Inc. has finalized the purchase of the intellectual property rights for the Preakness Stakes and Black-Eyed Susan Stakes for $85 million from 1/ST Racing . The transaction, subject to customary closing conditions, is expected to be completed after the 2026 Preakness Stakes, which…

Churchill Downs Incorporated announces state of Maryland’s decision to acquire the Preakness IP rights

Churchill Downs Incorporated (CDI) has announced the completion of a $85 million agreement to acquire the intellectual property rights for the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST Maryland LLC, pending customary closing conditions . The transaction includes all trademarks and…