Barclays analyst Brandt Montour lowered the firm’s price target on Flutter Entertainment (FLUT) to $300 from $308 and keeps an Overweight rating on the shares as part of a Q1 preview for the gaming sector. Underlying gaming markets are “generally behaving resiliently,” but a protracted economic slowdown will hurt Las Vegas more than regionals and digital, the analyst tells investors in a research note. The firm says the Macau segment “looks closest to de-risked.”
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