0823 GMT - Flutter Entertainment's long-term outlook remains positive, Jefferies analysts write in a note. The group holds a leading position in the U.S. online gambling market, which is expected to fuel sustained growth in the years ahead, they say. This is likely to be supported by increasing market penetration and favorable state-level legalizations, they add. The group also benefits from a stable international business across many key gambling regions. This global presence provides strong cash flow and growth potential, enabling continued investment in the U.S., M&A, and shareholder returns, they say. The U.S. bank has a buy recommendation on the stock with a target price of $380. Shares closed at $282.85 on Monday. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

July 08, 2025 04:23 ET (08:23 GMT)

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