Morgan Stanley raised the firm’s price target on DraftKings (DKNG) to $48 from $47 and keeps an Overweight rating on the shares. Overall, Q3 brick and mortar trends were “sluggish,” but digital has been “robust,” says the analyst, who raised the firm’s online sports betting market size estimate but lowers flow-through estimates in conjunction with a Q3 preview for the casino gaming group.
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