Macquarie Maintains Outperform on DraftKings, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Chad Beynon maintains an Outperform rating on DraftKings (NASDAQ:DKNG) but lowers the price target from $52 to $50.
August 05, 2024 | 4:12 pm
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Macquarie analyst Chad Beynon maintains an Outperform rating on DraftKings but lowers the price target from $52 to $50.
The Outperform rating suggests continued confidence in DraftKings' performance, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100