DraftKings price target raised to $33 from $32 at Stifel

Stifel analyst Jeffrey Stantial raised the firm’s price target on DraftKings to $33 from $32 and keeps a Hold rating on the shares after the company reported what the firm describes as “another impressive mostly product-driven beat & raise.” Based on commentary on the call, the firm can envision “similar upside drivers persisting” into the second half, though potentially decelerating in scale as DraftKings laps comparatively tougher football comps and as competitors work to catch up on product, the analyst tells investors.