BTIG lowered the firm’s price target on DraftKings (DKNG) to $52 from $64 and keeps a Buy rating on the shares. With a fluid macro and risk backdrop, BTIG sees the cleanest setups within the OUS B2C and US B2B segments of its coverage. March Madness-related revisions seem largely digested and shares seem coiled for the next positive datapoint, the firm says.
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