JPMorgan lowered the firm’s price target on DraftKings (DKNG) to $31 from $32 and keeps an Overweight rating on the shares. The firm adjusted targets in the gaming group as part of a Q1 preview. The firm says the sector “remains choppy,” with tax refund upside “clouded” by weakening consumer sentiment and higher fuel prices. JPMorgan’s top ideas into earnings are MGM, Wynn and Las Vegas Sands.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DKNG:
- DraftKings price target lowered to $33 from $37 at Barclays
- DraftKings price target lowered to $29 from $32 at Citi
- Ohio lawmaker introduces bill to increase gambling taxes, News 5’s Trau reports
- Kalshi Scores Legal Victory as Federal Judge Slams Brakes on Arizona Criminal Case
- Trump Trade: White House warns staff not to place bets in futures markets