DraftKings price target raised to $45 from $44 at Truist

Truist raised the firm’s price target on DraftKings to $45 from $44 and keeps a Buy rating on the shares. The company’s Q3 results were a “robust” beat and raise while the management highlighted its commitment to continued profitable execution, the analyst tells investors in a research note. Many players are returning to DraftKings after trialing other offerings, its iGaming also “continues to impress”, Truist added.