WS #15308
DraftKings received a BofA upgrade to 'Buy' with a $27 target, citing bottoming estimates and reduced cannibalization risks. The GEO Group completed a $950 million sale of three ICE processing centers to the US DHS, netting $705 million and boosting its buyback authorization. Meanwhile, General Motors is set to release critical China delivery data, and Upstart Holdings reported September origination volumes of $1.38 billion, providing mixed signals on consumer credit health.
Corporate Earnings and M&A
DraftKings received a BofA upgrade to 'Buy' with a $27 target, citing bottoming estimates and reduced cannibalization risks. The GEO Group completed a $950 million sale of three ICE processing centers to the US DHS, netting $705 million and boosting its buyback authorization. Meanwhile, General Motors is set to release critical China delivery data, and Upstart Holdings reported September origination volumes of $1.38 billion, providing mixed signals on consumer credit health.