Kauto Stone has Punchestown aim
(Healy Racing Photos)
The Robin Geffen-owned seven-year-old has enjoyed great success in Ireland since joining Paul Nicholls having won at Down Royal's November meeting for the last two years.
He beat First Lieutenant in the JNwine.com Champion Chase this season but has been well beaten since in the King George VI Chase and the Cleeve Hurdle.
Charlie Liverton, Geffen's racing manager, said: "Kauto Stone is not going to Cheltenham but instead he is being kept fresh and aimed for Punchestown."
Nicky Henderson has revealed Grandouet is a doubt to make his second appearance of the season in the Kingwell Hurdle at Wincanton on Saturday due to the discovery of filling in his near fore.