DraftKings price target raised to $25 from $24 at BTIG

BTIG analyst Clark Lampen raised the firm’s price target on DraftKings to $25 from $24 and keeps a Buy rating on the shares as part of a broader research note on Digital Gaming following the group’s Q4 results. The analyst is positive on the company’s lower out-year cost commitment disclosure, which brings margins "about 100 bps higher".