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Truist raises DraftKings price target to $60, while Fitch assigns BB+ rating

Business

Truist Securities analyst Barry Jonas raised his DraftKings price target to $60 from $50 and retained a Buy rating, reportedly. Fitch Ratings assigned DraftKings a BB+ Long-Term Issuer Default Rating, with separate ratings for its senior secured debt and convertible notes. The report also says Jefferies upgraded Wynn to Buy and JPMorgan reported lower Las Vegas Strip room rates for 9–15 March compared with the same period in 2024.

The analyst views and credit ratings provide investors with updated assessments of DraftKings and Wynn.

End-of-day close DraftKings (DKNG), USD, to 4 April 2025
Story date6 January 20254 April 2025

Latest reported results

DraftKings NASDAQ: DKNG

Quarter ended 30 September 2026

Revenue
USD 1.33bn10-Q filing 0001883685-26-000041
Operating income
−USD 493.1m10-Q filing 0001883685-26-000041

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