Churchill Downs (NASDAQ: CHDN) stock drew the support of some Wall Street analysts Monday following the operator’s suspension of its spring meet amid the deaths of 12 race horses over the past month.
Last Friday, the gaming company announced its spring session will be halted starting June 7 and will be moved to Ellis Park Racing & Gaming in Henderson, Ky. on Saturday, June 10. Churchill Downs is undertaking a comprehensive review of its safety standards and track surface following 12 equine deaths, including several in the days leading up to last month’s Kentucky Derby.
Officials haven’t been able to pinpoint a link between the deaths. Analysts aren’t overreacting to the suspension of the spring meet. Rather, some are reiterating bullish views on shares of Churchill.
Last Friday, the gaming company announced its spring session will be halted starting June 7 and will be moved to Ellis Park Racing & Gaming in Henderson, Ky. on Saturday, June 10. Churchill Downs is undertaking a comprehensive review of its safety standards and track surface following 12 equine deaths, including several in the days leading up to last month’s Kentucky Derby.
Officials haven’t been able to pinpoint a link between the deaths. Analysts aren’t overreacting to the suspension of the spring meet. Rather, some are reiterating bullish views on shares of Churchill.