Entain upgraded to Overweight from Neutral at JPMorgan

JPMorgan upgraded Entain (GMVHF) to Overweight from Neutral with a price target of 1,090 GBp, down from 1,150 GBp. The firm adjusted European leisure ratings as part of a 2026 outlook. JPMorgan is “most constructive” on the outlook for hotels, where it sees a “clear runway” for sector outperformance. It views the selloff in Entain as overdone with the UK “now de-risked” post the budget and the World Cup a positive catalyst ahead.