Wells Fargo downgrades DraftKings to equal weight on view that stock has a long road for a rebound

Published Tue, Feb 22 20227:11 AM ESTUpdated Tue, Feb 22 20228:03 AM EST

Omar Marques | LightRocket | Getty Images

Rising costs have taken a bite out of the bull case for DraftKings, according to Wells Fargo.

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