Argus lowers target for Churchill Downs stock to USD 72

Published on 10/02/2026 at 13:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 4.90 percent to USD 980.00 million. Churchill Downs stock costs EUR 66.75 on October 2, 2026 after EUR 66.75.

CHDN, US1714841087, Illustration mit AI erstellt.

Churchill Downs (ISIN US1714841087) was trading at EUR 66.75 at Lang & Schwarz on October 2, 2026 at 1:33 p.m. CEST, unchanged versus the EUR 66.75 prior close. According to Yahoo Finance on September 30, 2026, Argus lowered its price target for Churchill Downs to USD 72. The combination of a target cut and a fresh financing package puts valuation and debt service at the center of the stock discussion.

Argus target moves to USD 72

Argus did not provide an old target in the Yahoo Finance report, but the new USD 72 level sits below the primary-market quote of USD 74.82 at the latest October 1, 2026 Nasdaq timestamp. That comparison is separate from the euro reference price used for German investors.

MarketBeat reported a 52-week low of USD 74.92 on September 29, 2026, while its report listed ten Buy ratings and one Hold rating. The average target in that report was USD 134.89, creating a wide gap between the cited consensus and the newer Argus target.

Second-quarter revenue rises 4.90 percent

According to MarketBeat on September 29, 2026, Churchill Downs reported second-quarter 2026 revenue of USD 980.00 million, up 4.90 percent from the prior-year quarter. Adjusted earnings per share were USD 3.45, matching consensus of USD 3.45, while the prior-year figure was USD 3.10.

The same report put second-quarter revenue consensus at USD 977.38 million, so reported revenue exceeded that comparison by USD 2.62 million. The figures show continued expansion, but the target revision indicates that investors are also weighing financing costs and the stock's position near its yearly low.

New debt reaches maturity in 2033

GlobeNewswire reported on September 28, 2026 that Churchill Downs closed a USD 500.00 million senior secured Term Loan B due in 2033. The company extended its revolving credit facility and Term Loan A maturity from 2029 to 2031, while the new loan carries interest of SOFR plus 175 basis points.

Churchill Downs said the proceeds will repay existing Term Loan B and revolving loans, cover transaction expenses and support working capital. The company also issued a conditional notice on September 18, 2026, to redeem its 5.50 percent senior notes due 2027 on October 19, 2026.

Lang & Schwarz quote on October 2

Churchill Downs was trading at EUR 66.75 at Lang & Schwarz on October 2, 2026 at 1:33 p.m. CEST, with a 0.00 percent change versus the EUR 66.75 prior close of October 1, 2026. The company is scheduled to release third-quarter 2026 results after the market closes on October 28, 2026, according to StockTitan on September 21, 2026.