Citizens JMP lowered the firm’s price target on Flutter Entertainment (FLUT) to $340 from $345 and keeps an Outperform rating on the shares. September, the make-or-break month for the Q3 for sports betting companies, ended up being challenging, primarily on the back of game outcomes and player props across several NFL games, the analyst tells investors in a research note. Citizens expects September results will drag actual margins below expected margins for the quarter despite solid results in July and August.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FLUT:
- DKNG, FLUT, and MGM Sink as Kalshi Shakes Up the Sports Betting World
- Flutter, DraftKings slide on new Kalshi parlay-like NFL contracts
- Jefferies says Flutter weakness ‘overreaction’ to prediction market developments
- Amazon (AMZN) Partners with FanDuel for Betting During NBA Basketball Games
- Amazon, FanDuel enter exclusive odds provider partnership for NBA, WNBA