Barclays has given a thumbs-up to Flutter Entertainment PLC, setting its sights high at $275 per share. The stock closed last Friday at p17,920. Brandt Montour, the analyst behind this call, is no stranger to success. With an average return of 11.1% and a hit rate of 56.28%, he knows what he’s talking about when it comes to the Consumer Cyclical sector. Flutter isn't...
Goldman Sachs is set to take a $400 million pre-tax hit in the third quarter due to the unwinding of its General Motors credit card platform and the sale of real estate loans. The bank is in talks to hand over its GM credit card business to Barclays, a deal that would see the transfer of roughly $2 billion in card balances. Goldman's foray into consumer banking has...
MicroStrategy (NASDAQ:MSTR) has been on a wild ride lately, thanks to its unconventional strategy of using cash from its business intelligence software operations to gobble up $13 billion worth of bitcoin (BTC-USD). Barclays analyst Ramsey El-Assal is bullish on the approach, likening MSTR to a BTC index fund that generates its own capital for future accumulation. Bu...