DraftKings on watch after Morgan Stanley points to high stock-based compensation level

Jun. 02, 2021 7:53 AM ETDraftKings Inc. (DKNG)DKNGBy: Clark Schultz, SA News Editor13 Comments

Baseball betting
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  • Morgan Stanley lowers its price target on DraftKings (NASDAQ:DKNG) to $58 from $63 to account for the company's level of stock-based compensation and higher share count.
  • Analyst Thomas Allen notes that the number

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