Flutter Entertainment price target lowered to $140 from $170 at BofA

BofA lowered the firm’s price target on Flutter Entertainment (FLUT) to $140 from $170 and keeps a Neutral rating on the shares. Flutter guided to 2026 U.S. revenue of $7.8B at the midpoint, below the firm’s $8.1B and 10% below the Street’s $8.7B, while its 2026 EBITDA forecast of $1.05B at the midpoint was below the firm’s prior $1.2B view and 30% below the Street’s $1.5B view, the analyst noted. While the outlook has been reset, the firm questions “is it conservative enough?”