{"id":146505,"date":"2020-08-28T09:44:09","date_gmt":"2020-08-28T16:44:09","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=146505"},"modified":"2020-08-31T11:54:48","modified_gmt":"2020-08-31T18:54:48","slug":"draftkings-penn-national-suffer-downgrades-on-valuation-risk","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/draftkings-penn-national-suffer-downgrades-on-valuation-risk\/","title":{"rendered":"DraftKings, Penn National Downgraded by Morgan Stanley, Bank Cites Valuation, NFL Risk"},"content":{"rendered":"
In a rarity for sports betting equities these days, not one, but two beloved names suffered downgrades in a single day. Morgan Stanley’s Thomas Allen lowered his ratings on DraftKings (NASDAQ:DKNG) and Penn National Gaming (NASDAQ:PENN) to \u201cequal weight\u201d from \u201coverweight.\u201d<\/p>\n