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Benchmark Retains Buy Rating on Flutter (FLUT) Despite UK Regulatory Changes
Yahoo Finance· 2025-12-15 04:44
Flutter Entertainment plc (NYSE:FLUT) ranks among the best sin stocks to buy in 2026. Benchmark reaffirmed its Buy rating on Flutter Entertainment plc (NYSE:FLUT) but reduced its price target to $285 from $310 on December 1. Benchmark believes that Flutter’s medium-term profitability will be significantly impacted by the substantial gaming tax increases announced in the UK Budget, which are scheduled to start next year. According to the latest budget, online gaming tax will rise from 21% to 40% by 2026, ...