Online sports betting can stage a strong comeback this year, making DraftKings a solid wager, according to analysts at Morgan Stanley. Penn National Gaming also received an upgraded from analysts at Macquarie Research.
Morgan Stanley analyst Thomas Allen upgraded DraftKings (ticker: DKNG) to an Overweight from Equal Weight. He maintained a $31 price target on the stock in a report titled “Too Big an Opportunity to Ignore; Upgrade to Overweight.”
“While…