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DraftKings Stock Slumps Following Tepid Morgan Stanley CallWritten by: Todd Shriber

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DraftKings (NASDAQ:DKNG) stock is tumbling Tuesday after Morgan Stanley resumed coverage of the online sportsbook operator with a lukewarm assessment. In a note to clients today, analyst Thomas Allen restarts coverage of DraftKings with an “equal-weight” grade and a price target of $53. That is implying upside of about 10 percent from the Nov. 1
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