Opportunities this week:
- Following a roll forward of our valuation year to FY2026, we are upgrading our price target on Flutter to $313 from $293 (18% upside).
- We have an update on Molten Ventures PLC following a meeting with the CEO and CFO last week.
- Against the backdrop of tariff and geopolitical turmoil, we are reiterating our Overweight recommendation on GSK with PT of 2010p.