Super Group price target lowered to $19 from $20 at BTIG

BTIG analyst Clark Lampen lowered the firm’s price target on Super Group (SGHC) to $19 from $20 and keeps a Buy rating on the shares after meeting with its management team to discuss the company’s Africa and Canada business which makes up over 70% of total revenue and the roadmap for expansion in both territories. The firm continues to view the stock as undervalued relative to the predictably and durability of its iGaming-centric operations and multi-year revision opportunities, the analyst tells investors in a research note.