Why DraftKings Stock Was Winning on Friday
As the trading week came to a close, DraftKings (NASDAQ: DKNG) was ahead of the game. The next-generation sports betting service provider's stock was up by 2.5% in late afternoon trading Friday, thanks in no small part to a new and bullish analyst note.
Morgan Stanley prognosticator Thomas Allen reiterated his positive outlook on DraftKings that morning. He's keeping his overweight (buy) recommendation on the shares at a price target of $31 apiece, implying nearly 33% upside at the current level.
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Source Fool.com
