Cowen Improves DraftKings, Says Recent Equity Struggles Are A Buying Opportunity

Cowen Improves DraftKings, Says Recent Equity Struggles Are A Buying Opportunity


Pavlo Gonchar | LightRocket | Getty Images

The outlook for DraftKings has improved even as its stock has fallen in recent weeks, and investors should take advantage, investment firm Cowen said in a note to clients on Monday.

Cowen analyst Stephen Glagola improved the gambling stock to outperform market performance. Games stock shares have fallen nearly 12% since April 6 and more than 21% since March 19.

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