Roth MKM Maintains Sell on DraftKings, Raises Price Target to $20
Portfolio Pulse from richadhand@benzinga.com
Roth MKM analyst Edward Engel maintains a 'Sell' rating on DraftKings (NASDAQ:DKNG) and raises the price target from $18 to $20.
July 18, 2023 | 2:30 pm
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NEGATIVE IMPACT
Despite the raised price target from $18 to $20, Roth MKM maintains a 'Sell' rating on DraftKings.
The 'Sell' rating maintained by Roth MKM indicates a negative outlook for DraftKings. However, the raised price target suggests a slightly less bearish view than before. This could lead to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100