Susquehanna raised the firm’s price target on DraftKings (DKNG) to $52 from $42 and keeps a Positive rating on the shares. The firm thinks the lower sports-hold volatility associated with the US sports offseason, May through August is likely welcome in the near-term and that the stock is more likely a favorable set-up in the near-term considering the view that the state budget overhangs from OH/NJ will be notably lowered than feared.
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