Susquehanna analyst Joseph Stauff lowered the firm’s price target on Flutter Entertainment (FLUT) to $228 from $280 and keeps a Positive rating on the shares. The firm updated its model where it lowered its Q4 and 2026 estimates which is a function of modestly lower OSB, iCasino, and prediction market revenue estimates, more than offset by higher gross margins given the material swing in sports results that took place through the end of 4Q and incremental promotional data that suggested strong year-over-year promotional efficiencies.
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