Susquehanna Maintains Positive Rating for Churchill Downs: Here's What You Need To Know

Susquehanna has decided to maintain its Positive rating of Churchill Downs CHDN and raise its price target from $250.00 to $280.00.

Shares of Churchill Downs are trading up 2.03% over the last 24 hours, at $238.45 per share.

A move to $280.00 would account for a 17.43% increase from the current share price.

About Churchill Downs

Churchill Downs is a gaming entertainment, online wagering, and racing company. It operates through three business segments: Live and Historical Racing, TwinSpires, and Gaming. The Live and Historical Racing segment includes live and historical pari-mutuel racing. The TwinSpires segment includes the revenue and expenses for the online horse racing and the online and retail sports betting and iGaming wagering business. The company generates more than half of its revenue from the Gaming segment includes revenue from casino properties and associated racetrack or jai alai facilities which support the casino license as applicable.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.