Flutter Entertainment PLC ( LON:FLTR ) has been upgraded to 'overweight' from 'equal weight' by analysts at Barclays, who following their survey of the UK gambling market highlighted the company's Sky Bet division as the "leading UK betting brand" as the industry recovered from the coronavirus pandemic. In a Tuesday note, the bank's analysts also upped their target price for the Paddy Power owner to 13,000p from 10,500p, highlighting the firm's high valuation and "attractive core" business while its US operations served as a "quality compounder".