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Benzinga
Benzinga
Business
Tyler Bundy

Why DraftKings Shares Could Be Gearing Up For A Reversal

DraftKings Inc. (NASDAQ:DKNG) shares are trading higher Wednesday as they were able to bounce off an area of support.

The stock is finally seeing some bullish movement after being in a freefall for the past couple of months. This week, Roth Capital upgraded the stock to Neutral and lowered the price target to $19, while Citigroup maintained a Buy rating and lowered the price target to $35.

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