Truist Securities Upgrades DraftKings to Buy, Raises Price Target to $44
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Barry Jonas has upgraded DraftKings (NASDAQ:DKNG) from Hold to Buy and raised the price target from $31 to $44.
August 08, 2023 | 11:01 am
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DraftKings has been upgraded from Hold to Buy by Truist Securities, with a raised price target from $31 to $44.
The upgrade from Hold to Buy by Truist Securities indicates a positive outlook for DraftKings. The raised price target from $31 to $44 suggests that the analyst believes the stock has significant upside potential. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100