UBS raised the firm’s price target on Flutter Entertainment (FLUT) to $340 from $335 and keeps a Buy rating on the shares. The firm sees a predisposition for over delivery via iGaming revenues, net win margin and gross margin, and sees underlying gross margin expansion should materializing via the lapping of unfavorable sports results, operational leverage and greater payment processing efficiencies, which is not baked into current guidance, the analyst tells investors in a research note.
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Read More on FLUT:
- Flutter Entertainment’s Share Buyback Program: Potential Risks and Market Implications
- Flutter Entertainment’s Earnings Call: Growth Amid Challenges
- Flutter Entertainment price target raised to $310 from $300 at Needham
- Flutter Entertainment price target raised to $330 from $305 at Oppenheimer
- Flutter Entertainment price target lowered to $315 from $317 at Susquehanna
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