Truist lowered the firm’s price target on Flutter Entertainment (FLUT) to $160 from $260 and keeps a Buy rating on the shares. The company missed Q4 and issued 2026 guidance below expectations given ongoing challenges in the US and abroad, the analyst tells investors in a research note. With Flutter’s sizable equity selloff in the rear-view and numbers now reset however, Truist adds it is looking for incremental improvements, including prospects for iGaming legalization and PM development.
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