BofA analyst Shaun Kelley lowered the firm’s price target on Flutter Entertainment (FLUT) to $210 from $250 and keeps a Neutral rating on the shares. With most of the state sports betting data available, the firm is fine-tuning its Q4 EBITDA bridges for DraftKings (DKNG) and FanDuel, citing estimate risk for its lowered multiple for Flutter.
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