Jefferies analyst James Wheatcroft lowered the firm’s price target on Flutter Entertainment (FLUT) to $210 from $380 but keeps a Buy rating on the shares. The stock is priced for structural decline, not growth despite contradictory evidence, and the firm views the handle declines as transitory, with state data reports and material prediction market entry likely to catalyse investor re-engagement, the analyst tells investors in a research note.
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