Truist Securities Maintains Buy on DraftKings, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Barry Jonas maintains a Buy rating on DraftKings (NASDAQ:DKNG) but lowers the price target from $55 to $53.
July 18, 2024 | 12:07 pm
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Truist Securities analyst Barry Jonas maintains a Buy rating on DraftKings but lowers the price target from $55 to $53.
The Buy rating suggests continued confidence in DraftKings' performance, but the lowered price target indicates a slightly less optimistic outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100