$CHDN

Churchill Downs (CHDN) shares fell 5.2% after Mizuho cut its price target to $125 from $157, citing Virginia gaming headwinds. Analyst Ben Chaiken reduced full-year EBITDA estimate to $1.24B, below consensus. The stock has seen 10+5% moves in the past year, including a 7.8% gain on Q1 2026 earnings beat.

Analysts updated ratings and price targets for multiple companies. Lululemon (LULU) was downgraded to neutral with a target of $100. Marvell (MRVL) was upgraded to buy with a target of $350. Coinbase (COIN) maintained underweight but raised its target to $149. Microsoft (MSFT) kept outperform with a target of $635. Robinhood (HOOD) maintained overweight with a target of $132.

Despite rising interest rates, casino M&A activity remains strong, with Fertitta Entertainment's $17.6B acquisition of Caesars Entertainment (CZR) on track. Analysts highlight Century Casinos (CNTY) and Churchill Downs (CHDN) as potential beneficiaries of regional casino deals. Online gaming M&A is expected to slow due to legal uncertainty and slumping share prices.

Churchill Downs Inc (CHDN) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. Exhibit 99.1 FOR IMMEDIATE RELEASE Investor Contact: Sam Ullrich (502) 638-3906 Sam.Ullrich@kyderby.com Churchill Downs Incorporated Announces Closing of Amended and Extended Credit Facility and New Term Loan B Amended and Extended Credit Agreement for Revolver and Term Loan A Fa

Churchill Downs, NYRA, and others face a lawsuit alleging they favor high-volume computer-assisted wagering (CAW) operations in pari-mutuel pools, creating an unfair advantage. The defendants argue the plaintiffs cannot prove financial injury. The case is pending in the US District Court for the Eastern District of New York.

Churchill Downs Inc. (CHDN) priced a $500M term loan due in 2033, with interest at SOFR + 175 basis points. Proceeds will repay existing debt, cover costs, and support operations. The company also plans to redeem 5.50% notes due in 2027 using revolver borrowing. The refinancing extends maturity but increases floating-rate exposure.

Churchill Downs (CHDN) shares rose as the company plans to sell nine regional casinos and refinance $500M in debt. Analysts view this as a positive move to streamline operations and focus on higher-growth areas like online betting. The company's diversified revenue streams and strong cash flow support long-term growth, but investors should monitor elevated leverage and risks tied to the casino sales.

Churchill Downs Inc. (CHDN) proposed a $500M senior secured Term Loan B due 2033. Funds will repay loans, redeem notes, cover fees, and support working capital. The deal is subject to market and regulatory conditions, with no guarantee of success. CHDN operates racetracks, casinos, and online wagering businesses.

NYRA and Churchill Downs Inc. (CHDN) announced the Thoroughbred Championship Series, a six-race competition for three-year-old Thoroughbreds starting in 2027. The series includes iconic races like the Kentucky Derby and Belmont Stakes, with a $5 million prize pool. The companies will collaborate on rules, marketing, and broadcasting. A virtual news conference is scheduled for August 3, 2026.

Virginia's historical horse racing machines (HHR) saw a 10% revenue decline in August, totaling $47.9 million. Churchill Downs, which owns all HHR in Virginia, reported varying performance across locations, with some seeing significant drops and others slight increases. The decline was partially offset by new locations. Labor Day timing and competition from Live Virginia in Petersburg impacted results.