Churchill Downs and Boyd Gaming on Analysts' Radar

Jefferies analyst David Katz wrote in his October 25 note that Churchill Downs was the most discussed stock among investors last week.

According to Katz, there are several reasons Churchill Downs is in focus. The most notable among them is the announced Visa sponsorship of the Kentucky Derby.

The analyst estimates that the deal could amount to a payment of roughly 3 to 8 million dollars. Katz also says the agreement could bring broader benefits beyond that.

The development shows that brands continue to show interest in major events in the American horse racing and gaming sector. Investors are also watching how such sponsorships will be reflected in the revenue structure of the companies.