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Technology Stocks : DraftKings, Inc. / Online Gambling
DKNG 29.70+6.2%3:30 PM EST
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From: Glenn Petersen4/30/2020 3:46:47 PM
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Morgan Stanley goes ‘all in on best-in-breed sports betting’ stock

Published Thu, Apr 30 20208:40 AM EDT
Maggie Fitzgerald @mkmfitzgerald

Morgan Stanley is bullish on sports betting company DraftKings, a pure play on legal gambling with strong financial growth metrics.

The Wall Street firm has an overweight rating and $23 per share price target on DraftKings as it goes “all in on best-in-breed sports betting.” This implies a near 20% rally from the digital sports entertainment and gaming company from Wednesday’s closing price of $19.40 per share.

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cnbc.com
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