UBS analyst Ben Shelley raised the firm’s price target on Flutter Entertainment (FLUT) to $335 from $320 and keeps a Buy rating on the shares. The firm estimates FanDuel, Flutter’s U.S. business, delivered $6.35B in revenue and $790M aEBITDA on an underlying basis in 2024, representing meaningful upside to original guidance provided in March 2024, the analyst tells investors in a research note. UBS believes these levers still have the headroom and momentum to sustain the upgrade cycle into 2025.
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