Exane BNP Paribas Downgrades DraftKings to Underperform, Announces $28 Price Target
Portfolio Pulse from Benzinga Newsdesk
Exane BNP Paribas analyst Alistair Johnson has downgraded DraftKings (NASDAQ:DKNG) from Neutral to Underperform and set a price target of $28.
January 19, 2024 | 10:48 am
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DraftKings was downgraded by Exane BNP Paribas from Neutral to Underperform with a new price target of $28.
Downgrades by analysts can lead to a negative perception among investors and potential selling pressure. The new price target of $28 suggests a bearish outlook on the stock's value.
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