UBS initiated coverage of Flutter Entertainment (FLUT) with a Buy rating and $306 price target The firm thinks the company will report a Q3 sales beat driven by strong performance across both the U.S. and rest of world segments as well as reiterate its guidance. UBS thinks this will be a positive result amid current market uncertainty regarding U.S. hold in early Q4 that has driven DraftKings to revise down its fiscal 2024 guidance.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLUT:
- Jefferies says DraftKings, Flutter winners from gambling ballots passing
- Jefferies says Missouri sports betting legalization positive for Flutter, Entain
- Flutter Entertainment price target raised to 22,000 GBp from 20,000 GBp at Citi
- Bet On It: Breaking down third quarter earnings
- Flutter Entertainment Confirms Shareholding Structure Update