In other recent news, Churchill Downs has announced a significant acquisition, agreeing to purchase a 90% equity stake in the Casino (EPA: CASP ) Salem project in southern New Hampshire for $180 million. This transaction will be funded through the company's existing revolving credit facility. Ahead of its second-quarter earnings report, Stifel has raised its price target for Churchill Downs to $133, maintaining a Buy rating. JMP Securities has reiterated its Market Outperform rating with a price target of $138, citing potential growth catalysts for the company. Additionally, JPMorgan has initiated coverage with an overweight rating and a price target of $116, suggesting a potential 17% upside. These developments underscore a positive outlook from analysts, as they highlight the company's strategic moves and potential for growth. The upcoming earnings report is anticipated by investors, with a conference call scheduled to discuss the results. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.