DraftKings price target lowered to $33 from $45 at Truist

Truist lowered the firm’s price target on DraftKings (DKNG) to $33 from $45 and keeps a Buy rating on the shares. The stock’s post-earnings sell-off was a confluence of the self-imposed “conservative” guidance, prediction market uncertainty, and fears of higher state taxes, the analyst tells investors in a research note.