Flutter Entertainment price target lowered to $195 from $275 at Citizens

Citizens lowered the firm’s price target on Flutter Entertainment (FLUT) to $195 from $275 and keeps an Outperform rating on the shares. Flutter reported a weak Q4, with EBITDA 9% below expectations and misses across all segments, including U.S. and International, as deteriorating trends, customer churn, and customer-friendly outcomes weighed on results and pressured the 2026 outlook well below consensus, the analyst tells investors in a research note. While near-term headwinds persist and 2026 estimates are resetting lower amid elevated investment, management remains focused on long-term growth, and with early “green shoots” in handle trends and a potential 2027 recovery story, shares appear attractive after the sharp year-to-date decline, the firm says.