“Monday's First Moves: CHRW & RXO Merger, PTC Acquisition, DKNG Upgrade”Bank of America
Bank of America upgraded DKNG to buy with a $27 target, citing reduced risk from prediction markets and viewing them as an opportunity.
Let's move on to DraftKings. This is not a deal. This is an upgrade. Perhaps a different story. This is a company whose stock has had a difficult year here. There were many concerns about Draft Kings.
But Bank of America has become optimistic about Draft Kings, which is helping to give a boost to this stock. And remember, Draft Kings was near its lowest level in 52 weeks.