Flutter Entertainment is trading 4% down today at $102.22 following a wave of analyst price-target reductions and cautious outlooks regarding its U.S. growth strategy.
- Multiple firms, including Benchmark, Stifel, Citizens, and UBS, have lowered their price targets, citing execution issues in the U.S. online gaming market and broader sector headwinds.
- Analysts pointed to a valuation reset as a primary factor keeping pressure on the shares, despite the broader U.S. markets trading higher.