Truist Securities Maintains Buy on DraftKings, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on DraftKings (NASDAQ:DKNG) but lowered the price target from $53 to $50.
August 05, 2024 | 1:52 pm
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Truist Securities has maintained its Buy rating on DraftKings but lowered the price target from $53 to $50.
The 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 70
RELEVANCE 100