Morgan Stanley Maintains Overweight on DraftKings, Lowers Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley maintains an Overweight rating on DraftKings but lowers the price target from $51 to $47.
August 13, 2024 | 12:59 pm
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Morgan Stanley analyst Stephen Grambling maintains an Overweight rating on DraftKings but lowers the price target from $51 to $47.
The Overweight rating suggests a positive outlook, 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