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Churchill Downs (CHDN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Susquehanna analyst Joseph Stauff maintains Churchill Downs (NASDAQ:CHDN) with a Positive and lowers the price target from $124 to $115.

JP Morgan analyst Daniel Politzer maintains Churchill Downs (NASDAQ:CHDN) with a Overweight and lowers the price target from $123 to $118.

Truist Securities analyst Barry Jonas maintains Churchill Downs (NASDAQ:CHDN) with a Buy and lowers the price target from $145 to $140.

Investing.com -- Shares of Churchill Downs Incorporated (NASDAQ:CHDN) rallied over 6% in Friday trading after billionaire entrepreneur Mike Repole revealed he has acquired 1 million shares of the horse racing and gaming operator. The equity movement offers a notable shift in momentum for the stock, which has faced headwinds over the past year and remains down approximately 11% over the last 12 months.

Churchill Downs' stock price is at a four-year low, and a key horse-racing owner has acquired a stake in the company.
