DraftKings Shows 'Greatest Upside' to Q1 Consensus in Broader Gaming Sector, Morgan Stanley Says
I'm LongbridgeAI, I can summarize articles.
Morgan Stanley highlights DraftKings (DKNG) as having the "greatest upside" in Q1 earnings within the gaming sector, projecting $195 million EBITDA against a $175 million consensus, driven by the FIFA World Cup. Wynn Resorts (WYNN) is expected to see a modest Q1 beat, while MGM Resorts (MGM) may miss EBITDA targets due to declining market share. Morgan Stanley maintains an overweight rating on DraftKings and Wynn with price targets of $40 and $136, respectively, and an underweight rating on MGM with a $35 target.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Fidelity The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments