Morgan Stanley Reiterates Overweight on DraftKings, Maintains $47 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Grambling has reiterated an Overweight rating on DraftKings, maintaining a price target of $47.
September 11, 2024 | 2:25 pm
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Morgan Stanley analyst Stephen Grambling has reiterated an Overweight rating on DraftKings, maintaining a price target of $47.
The reiteration of an Overweight rating and a maintained price target of $47 by a major financial institution like Morgan Stanley is a positive signal for investors. It suggests confidence in DraftKings' future performance, likely leading to a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100