CHDN - Virginia gaming legislation bullish for Churchill Downs - analyst

2024-04-15 08:27:29 ET

Virginia legislation to legalize skills games but ban gaming machines within 35 miles of casinos in the state was “highly favorable” for Churchill Downs ( NASDAQ: CHDN ) as it removes the overhang weighing on the stock and leaves the company able to resume its growth trajectory in the state. With improved margins likely to follow, Wells Fargo upgrades Churchill Downs ( CHDN ) to Overweight from Equal weight, and hiked its price target slightly to $141. ...

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