Motley Fool
Why DraftKings Stock Is a Winner Today
Investors in DraftKings (NASDAQ: DKNG) are flush with profits Wednesday morning. Shares of the online sports betting company are up a stellar 13.7% as of 11:20 a.m. ET. This morning, Morgan Stanley upgraded shares of DraftKings from equal weight (i.e., hold) to overweight (i.e., buy), with a $31 price target that implies DraftKings stock could rise another 41% this year, reports StreetInsider.com.
