Wells Fargo analyst Daniel Politzer upgraded Flutter Entertainment to Overweight from Equal Weight with a price target of $295, up from $224, implying 34% upside. Friday’s selloff reflects a “near-worst case” UK tax scenario and minimal offset, the analyst tells investors in a research note. With confidence FanDuel will increase structural hold to 15% in fiscal 2027, Wells says one can arrive at Flutter’s targeted fiscal 2027 revenue targets on fairly conservative assumptions.
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