Jefferies analyst David Katz raised the firm’s price target on Sportradar (SRAD) to $32 from $27 and keeps a Buy rating on the shares. The firm is trimming estimates for Sportradar, but raising its multiple given what it sees as the company’s “strong growth profile” and giving credit for value of the IMG Arena deal, the analyst tells investors in a Q2 preview for the gambling group. Ahead of earnings, the firm reiterates a “bullish view on the online gaming sector,” the analyst added.
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