BTIG analyst Clark Lampen lowered the firm’s price target on Sportradar (SRAD) to $23 from $24 and keeps a Buy rating on the shares as part of a broader research note previewing Q1 results in Gaming names. The firm is adjusting its estimates and price targets within its U.S. B2C and B2B gambling coverage, with the former facing a risk of negative revisions from state launch costs and an increasingly Q4-weighted year, the analyst tells investors in a research note.
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