BMO Capital Initiates Coverage On DraftKings with Outperform Rating, Announces Price Target of $43
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Brian Pitz has initiated coverage on DraftKings (NASDAQ:DKNG) with an Outperform rating and set a price target of $43.
January 09, 2024 | 11:41 am
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POSITIVE IMPACT
DraftKings receives an Outperform rating from BMO Capital with a price target of $43, indicating a positive outlook from the analyst.
The initiation of coverage by BMO Capital with an Outperform rating and a price target that is presumably higher than the current trading price suggests a bullish outlook for DraftKings. This could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100