Sportradar price target raised to $35 from $27 at Guggenheim

Guggenheim analyst Curry Baker raised the firm’s price target on Sportradar (SRAD) to $35 from $27 and keeps a Buy rating on the shares. Near-term FX headwinds worsened in Q2, though the core underlying business continues to track better than full year- guidance, the analyst tells investors in a research note.