B of A Securities Maintains Buy on DraftKings, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Shaun Kelley maintains a Buy rating on DraftKings (NASDAQ:DKNG) but lowers the price target from $54 to $50.
July 22, 2024 | 4:53 pm
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NEUTRAL IMPACT
B of A Securities analyst Shaun Kelley maintains a Buy rating on DraftKings but lowers the price target from $54 to $50.
The maintained Buy rating suggests continued confidence in DraftKings' long-term prospects, but the lowered price target indicates some caution about short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100