DraftKings price target raised to $54 from $52 at Barclays

Barclays analyst Brandt Montour raised the firm’s price target on DraftKings to $54 from $52 and keeps an Overweight rating on the shares. The company reported a solid beat and raise quarter, but in line with somewhat elevated expectations, the analyst tells investors in a research note. The firm’s estimates edged higher and says “plenty of medium/longer term potential upside” is still to come.