As previously reported, Craig-Hallum analyst Ryan Sigdahl downgraded Flutter Entertainment (FLUT) to Hold from Buy with a $200 price target The firm continues to believe Flutter is an attractive long-term investment with its leading portfolio of top brands around the world and a highly scalable financial model. Craig-Hallum remains positive biased. That said, the headwinds continue to mount, and the firm thinks they will limit upside in shares in the near-term.
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