# JPMorgan Downgrades DraftKings to Neutral After Third-Quarter Results By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/53051 Published: 2026-11-10T11:57:28.000Z Updated: 2026-11-10T11:57:28.000Z Section: Investing > The change came after the sports betting company reported earnings, as analysts across Wall Street lowered estimates. JPMorgan cut its rating on DraftKings (DKNG) to Neutral from Overweight after reviewing the sports betting company's third-quarter earnings, joining other analysts who lowered estimates after the results. Analysts across Wall Street lowered estimates following the report. DraftKings had also [lowered its 2026 EBITDA outlook](). ## Links in this article - [lowered its 2026 EBITDA outlook](https://www.tokenpost.com/news/business/49821)