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Why DraftKings Jumped 10% Today

TheMotleyFool

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A new analyst call from Evercore ISI has the shares of sports betting company DraftKings (NASDAQ: DKNG) trading up 10% as of 3:30 p.m. EDT. The company also entered into an exclusive deal to expand its reach in the state of Illinois.

Evercore ISI analyst Kevin Rippey gives DraftKings a $60 price target with his outperform rating. That represents about 50% upside over the current price, even after today's pop.

Images source: Getty Images.

Source Fool.com

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