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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLUT:
- Flutter Entertainment downgraded to Hold from Buy at Craig-Hallum
- Flutter price target raised to 21,300 GBp from 18,100 GBp at Berenberg
- Judge lets Massachusetts bar Kalshi from sports-event contracts, Bookies says
- Midday Fly By: TSMC reports Q4 beat, Goldman Sachs raises dividend
- BlackRock Slightly Reduces Stake in Flutter Entertainment