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ubs maintains buy rating for flutter entertainment with 340 price target
UBS analyst Ben Shelley has reaffirmed a Buy rating for Flutter Entertainment with a $340 price target, indicating significant upside potential. Despite a slight reduction in handle growth forecasts, iGaming growth is expected to rise, supported by strong revenue growth and strategic initiatives in the online sports betting sector. Flutter's robust performance in 2024, including a 19% revenue increase, has led other analysts to raise their price targets, reflecting confidence in the company's market share expansion and financial stability.
ubs maintains buy rating for flutter entertainment with strong guidance and growth
UBS analyst Ben Shelley has reaffirmed a Buy rating for Flutter Entertainment, maintaining a price target of $335, despite an 11% stock decline from its February high. The company reported strong guidance for U.S. operations, projecting significant revenue growth and an ambitious EBITDA target of $2.4 billion by 2027. Flutter's recent earnings surpassed expectations, driven by robust performance in its U.S. segment, particularly with FanDuel, which commands a 43% market share in gross gaming revenue.
ubs maintains buy rating for flutter entertainment with strong us growth forecast
UBS has reiterated a Buy rating for Flutter Entertainment shares, maintaining a price target of $335, despite an 11% decline from its February high. The company reported strong fourth-quarter results, with adjusted earnings per share of $2.94, significantly surpassing expectations, and projected robust growth in its US operations, particularly through FanDuel. Flutter anticipates revenue of $15.48 billion to $16.38 billion for 2025, driven by a 19.9% revenue growth over the past year and a strong market position.
canal shares drop as UBS raises concerns over multiChoice acquisition risks
Canal+ shares fell by 19% to 191.10 pence after UBS Group AG issued a neutral rating, citing risks from its acquisition of MultiChoice, which is experiencing declining profits in South Africa. This contrasts with CIC Market Solutions' optimistic target of 450 pence, suggesting the market has already accounted for these risks. Following Canal+'s decline, the combined value of Vivendi and its spinoffs dropped 10% from its standalone price on December 13, according to Bloomberg.
canal shares tumble as UBS rates stock fairly valued after london debut
Canal+ shares fell by as much as 19% to 191.10 pence after UBS initiated coverage with a neutral rating and a price target of 240 pence, citing concerns over the company's acquisition of MultiChoice amid declining profits and cash flow losses. This outlook contrasts sharply with CIC Market Solutions, which predicts a rise to 450 pence, suggesting the market has already accounted for the associated risks. Following Canal+'s London debut, the combined value of Vivendi and its spinoffs dropped 10% from its standalone price in December.
canal shares tumble as UBS rates stock fairly valued after london debut
Canal+ shares fell by as much as 19% to 191.10 pence after UBS initiated coverage with a neutral rating and a price target of 240 pence, citing concerns over the company's acquisition of MultiChoice amid declining profits and cash flow losses. This contrasts sharply with CIC Market Solutions, which predicts a rise to 450 pence, suggesting the market has already accounted for the associated risks. Following Canal+'s London debut, the combined value of Vivendi and its spinoffs dropped 10% from its standalone price in December.
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