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Flutter Entertainment price target raised to $300 from $295 at Wells Fargo

Wells Fargo raised the firm’s price target on Flutter Entertainment (FLUT) to $300 from $295 and keeps an Overweight rating on the shares. The firm notes Flutter’s Q3 EBITDA beat by about 20%, reflecting broad upside across all regions. Wells remains bullish on the name as Flutter offers a compelling 26% EBITDA CAGR plus a $5B capital return.

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