HSBC thinks it's time to buy Flutter Entertainment . The bank upgraded the FanDuel parent to buy from hold. Analyst Joe Thomas did lower his price target to $228 from $265, though that still signals upside of 18% from Friday's close. Thomas wrote that, while Flutter's third-quarter results disappointed and the company shared lackluster guidance, much of the risk looks transitory. Flutter also had to surrender its license in Nevada after deciding to venture into sports prediction markets, although the company "maintains that it is comfortable with its assurances from other states," Thomas wrote. FLUT YTD mountain FLUT YTD chart "The forced withdrawal from Nevada is disappointing to us, but we do not think investors should be unduly worried about knock-on impacts elsewhere: management deserv

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