Citizens JMP lowered the firm’s price target on Flutter Entertainment (FLUT) to $317 from $328 and keeps an Outperform rating on the shares. The firm says a flurry of legislative, macro, and business performance headlines have put an overhang on gaming valuations. However, it maintain the view that online gambling can grow through a downturn. Flutter is Citizens JMP’s top pick, for its leading position in U.S. online gaming and several international markets.
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