Flutter Entertainment: We Double Down (Rating Upgrade)Flutter shares have declined another 20% since our May analysis, despite International resilience and encouraging early signs from FanDuel's increased investment. US profitability remains under pressure, but stronger customer engagement and additional promotional spending should support FanDuel's competitive position and future earnings recovery. International diversification, prediction markets, and $500 million of additional cost savings provide further upside beyond a recovery in the core US business.
Seeking Alpha10/7/2026Positive