Market News / Story
Flutter earns a Buy rating at Citi as upside surprise expected in Q3, recent selling “overblown”
Seeking Alpha ·
Seeking Alpha reports: When Flutter reports third-quarter results next month, Citi Research analyst Monique Pollard believes this could be the first quarter in four consecutive quarters the online betting platform’s results haven’t missed expectations or that forward guidance was revised lower. This, coupled with an attractive entry point and the misappropriated investor reaction to increased spending, earned Flutter an upgrade to Buy from Neutral. “We do not believe that consensus has…