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Analysts upgrade DraftKings, Harley-Davidson and Estee Lauder ahead of Q3
The upgrades were issued ahead of each company’s Q3 earnings in the first week of November.
MarketBeat Ratings notes that the first trading week of October included a wave of analyst rating and price target updates as Wall Street repositioned for upcoming Q3 results.
The outlet highlights three specific upgrades to DraftKings, Harley-Davidson, and Estee Lauder, with analysts raising price targets ahead of their Q3 earnings reports.
According to MarketBeat Ratings, the upgrades were made despite previously cited weaknesses, including concerns around DraftKings prediction markets, Harley-Davidson’s declining position with younger buyers, and Estee Lauder facing stagnating sales in China.
MarketBeat Ratings also says all three companies are scheduled to report Q3 earnings in the first week of November, limiting the wait to see whether the upgraded outlook holds.