DraftKings price target lowered to $48 from $50 at Barclays

Barclays lowered the firm’s price target on DraftKings (DKNG) to $48 from $50 and keeps an Overweight rating on the shares. The firm reset its fiscal 2025 outlook on March Madness, though hold concerns remain somewhat of an overhang looking into the balance of the year, the analyst tells investors in a research note.