UBS initiated coverage of Flutter Entertainment (FLUT) with a Buy rating and $306 price target The firm thinks the company will report a Q3 sales beat driven by strong performance across both the U.S. and rest of world segments as well as reiterate its guidance. UBS thinks this will be a positive result amid current market uncertainty regarding U.S. hold in early Q4 that has driven DraftKings to revise down its fiscal 2024 guidance.
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