BMO Capital Maintains Outperform on DraftKings, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Brian Pitz maintains an Outperform rating on DraftKings (NASDAQ:DKNG) but lowers the price target from $54 to $48.
August 02, 2024 | 5:26 pm
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NEUTRAL IMPACT
BMO Capital analyst Brian Pitz maintains an Outperform rating on DraftKings but lowers the price target from $54 to $48. This suggests confidence in the company's performance but indicates a more conservative outlook on its stock price.
The Outperform rating indicates continued confidence in DraftKings' performance, but the lowered price target suggests a more cautious outlook on its stock price. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100