DraftKings shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $26 to $37.
Portfolio Pulse from Benzinga Newsdesk
DraftKings' stock has been upgraded from Neutral to Overweight by JP Morgan, with the price target also raised from $26 to $37. This has resulted in the shares trading higher.
September 26, 2023 | 12:32 pm
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POSITIVE IMPACT
DraftKings' stock has been upgraded by JP Morgan, leading to an increase in its share price. The price target has also been raised from $26 to $37.
The upgrade from JP Morgan is a positive signal for investors, indicating increased confidence in the company's performance. This has led to an increase in the share price. The raised price target also suggests that JP Morgan expects the stock to perform well in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100