Imperial Capital analysts are expecting some strong Q3 results from famed Churchill Downs, Inc. (NASDAQ:
CHDN).
Analysts are expecting strong results from Churchill Downs gaming and online businesses and seeing some improvement from its
mobile gaming division, Big Fish Games.
As a result, Imperial Capital has raised its price target on the company from $145 to $165 based on the value of Big Fish Games
and Churchill Downs most famous asset, the Kentucky Derby.
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Churchill Downs has been heavily investing in its mobile with its Big Fish Games segment. The company may see a decline in
EBITDA in Q3 entirely due to the increased investment in user acquisition of its mobile division.
Imperial Capital maintains its Outperform rating on Churchill Downs.
Churchill Downs traded down 0.53 percent Friday.
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Latest Ratings for CHDN
| Date |
Firm |
Action |
From |
To |
| Sep 2016 |
JP Morgan |
Initiates Coverage on |
|
Neutral |
| May 2016 |
Hilliard Lyons |
Upgrades |
Neutral |
Buy |
| Jul 2015 |
Gabelli & Co. |
Initiates Coverage on |
|
Buy |
View More Analyst Ratings for
CHDN
View the Latest Analyst Ratings
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