Craig-Hallum analyst Ryan Sigdahl lowered the firm’s price target on DraftKings to $55 from $57 and keeps a Buy rating on the shares. DraftKings reported another strong beat and raise quarter despite unfavorable sporting results in the quarter, and with the robust free cash flow and business momentum, the company has ample room to return shareholder value through buybacks or potentially international acquisitions, the analyst tells investors in a research note.
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