JPMorgan Initiates Coverage on Flutter Entertainment With Neutral Rating
Flutter Entertainment (NYSE:FLUT) has been initiated coverage by JPMorgan Chase & Co. in a research note issued to investors on Wednesday, according to MarketBeat.
The firm set a 'neutral' rating and a price target of $114.00 on the stock, suggesting a potential upside of 15.06% from the company's previous close.
This is not the first time Flutter Entertainment has been covered by multiple analysts. In fact, the company has received numerous research reports in recent months, with BNP Paribas Exane initiating coverage and setting an 'underperform' rating, while BTIG Research lowered its target price on shares of Flutter Entertainment from $120.00 to $113.00 and set a 'buy' rating.
According to data from MarketBeat, the company currently has a consensus rating of 'Moderate Buy' and an average price target of $159.12.