DraftKings upgraded to Overweight from Equal Weight at Barclays

Barclays upgraded DraftKings to Overweight from Equal Weight with a price target of $50, up from $41. The U.S. digital gaming market still has significant growth ahead, the analyst tells investors in a research note. The firm is less concerned over recent wave of competition and expects incremental momentum for DraftKings from new partnerships and acquisitions. Meanwhile, the company’s internet gaming position is underappreciated, contends Barclays.