DraftKings Shares Rise on Bank of America Upgrade
DraftKings (DKNG) stock increased 2.8% in morning trading after Bank of America upgraded its rating to Buy from Hold, setting a price target of $27.
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DraftKings Stock Rises on Bank of America Upgrade
DraftKings shares increased by more than 8% after Bank of America analysts upgraded the stock to Buy from Hold. The analysts noted that prediction markets, once seen as a threat, could now be a "win-win" for the online betting firm.