Diamonds and Dogs
DraftKings (DKNG) upgraded. DraftKings is up 2% as the Citigroup analyst-initiated coverage of the sports betting group with a 'buy' rating and a $66 price target. The analyst believes there is "robust, long-term" growth in the sports gaming market, adding that it's well-placed to capitalize on market consolidation and user expansion.
Tough weekend for Southwest Airlines (LUV). The stock is down 2% after the airline canceled more than 1,800 flights or 28% of their flights over the weekend. The company attributed a host of factors to the cancellations including bad weather, air traffic control issues, and a shortage of staff. Higher oil prices are cutting into profits. Goldman Sachs analyst recently increased the price target on Southwest to $68.
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