DraftKings price target lowered to $35 from $37 at BTIG

BTIG lowered the firm’s price target on DraftKings (DKNG) to $35 from $37 and keeps a Buy rating on the shares. Heading into the company’s Investor Day next week, the firm expects both executive management and divisional leadership to drive home the point that DraftKings is capable of becoming a more robust competitor in Prediction Market space alongside the likes of Robinhood (HOOD) and others, the analyst tells investors in a research note.