Benchmark lowered its price target on DraftKings Inc. (NASDAQ: DKNG) to $43.00 from $53.00 while maintaining a Buy rating. Analysts said they remained constructive on the company’s long-term growth opportunity, underpinned by its strong product, expanding user base, and industry tailwinds. However, they flagged potential near-term headwinds in the third quarter from unfavorable sports outcomes, elevated promotional spending, and a challenging macro backdrop. Benchmark also noted investor sentiment had been ...