Apr. 24 at 5:27 PM
MoffettNathanson cut both DraftKings
$DKNG and Flutter Entertainment
$FLUT to Neutral, with new price targets of
$27 and
$127, respectively. The firm said that while both stocks still look reasonably valued on longer‑term forecasts, that alone isn’t enough to keep a Buy rating. MoffettNathanson doesn’t expect “the clouds to lift” until there’s real regulatory clarity around prediction markets, which they see as the overhang weighing on both names.
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