BTIG raised the firm’s price target on Flutter Entertainment (FLUT) to $281 from $271 and keeps a Buy rating on the shares. Over the next several weeks Flutter and DraftKings (DKNG) are expected to launch their own prediction market and sports event contract products in states that lack a locally regulated and taxed sportsbook offering, the analyst tells investors in a research note. With sentiment still muted, the setup and event path from here forward looks favorable, the firm added.
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