Market News / Story
Why Churchill Downs (CHDN) Shares Are Falling Today
Stock Story ·
Stock Story reports: What Happened? Shares of racing, gaming, and entertainment company Churchill Downs fell 5.2% in the afternoon session after Mizuho analyst Ben Chaiken lowered the firm's price target on the company's shares to $125 from $157 while maintaining a rating on the stock. According to StreetInsider, Chaiken kept an Outperform rating and cut the target because of continued headwinds in Virginia from new gaming supply. He lowered his full-year EBITDA estimate to $1.24 billion,…