Deutsche Bank has lowered price targets for Entain and Flutter Entertainment following Brazil's ban on online betting and gaming, which will take effect from October 6. The ban disrupts a market that had only been regulated since January 2025 but had quickly grown into one of the largest globally. Despite the cuts, both companies retain 'buy' ratings as the ban's permanence is uncertain due to legal challenges and potential congressional review. The broader impact depends on whether Brazil reinstates regulation or allows illegal operators to dominate, affecting tax revenues and consumer protections.
The story on Deutsche Bank's cuts to Entain and Flutter targets amid Brazil's betting ban is set against a Consumer Cyclical sector where 68 of 112 US stocks rose and 32 fell on Pluang. For readers following this sector, as of Oct 01, 2026 19:45 WIB, Peloton Interactive Inc (PTON) gained 2.00% to USD 5.09 with a typical hold time of 37 days, Wayfair Inc (W) rose 1.48% to USD 104.08 with an 8-day hold, while Stitch Fix Inc (SFIX) declined 1.17% to USD 2.53, showing strong sell pressure at 95% sell orders.
An analyst at Truist Financial raised Wells Fargo's price target to $95, suggesting a 20.74% upside from its current price. This optimism is driven by expected strong third-quarter earnings of $1.85 per share and $22.34 billion in revenue, surpassing...
Oklo is developing advanced fast-fission reactors to power future data centers and industrial hubs, aiming to lead in carbon-free energy. Piper Sandler reaffirmed an "Overweight" rating on the stock, reflecting confidence in Oklo's growth prospects. ...
Nike is set to release its quarterly earnings on October 1, 2026, with analysts forecasting an EPS of $0.44 and revenue of $11.32 billion, both down from last year. The company's stock has fallen 80% this year, hitting 13-year lows, reflecting a chal...
Lamb Weston is set to report Q3 earnings with analysts forecasting an EPS of $0.59, down from $0.74 last year, and revenue around $1.65 billion, nearly flat compared to the prior year. The company’s "Focus to Win" strategy has generated over $100 mil...
Cal-Maine Foods reported a $58.6 million net loss and a 42% drop in net sales, driven by lower conventional egg prices. An analyst downgraded the stock to Hold with a $70 price target, reflecting a modest 2.85% upside from current levels. Despite cha...
