Churchill Downs (CHDN +4.9%) trades higher after Janney Capital initiates coverage on the...

|About: Churchill Downs, Incorpor... (CHDN)|By:, SA News Editor

Churchill Downs (CHDN +4.9%) trades higher after Janney Capital initiates coverage on the entertainment concern with a Buy rating and $84 price target. A move by the company to buy a casino in Maine has been catching some attention as it increases Churchill's exposure to the gaming side of its business.