Super Group price target raised to $14 from $12 at Benchmark

Benchmark analyst Mike Hickey raised the firm’s price target on Super Group (SGHC) to $14 from $12 and keeps a Buy rating on the shares after the company raised its FY25 guidance and announced plans to exit the U.S. iGaming market, citing unfavorable regulatory developments and substandard return potential. The firm, which believes this was “the appropriate move” given that sub-scale operators face significant headwinds in the U.S., argues that it is “clear that management is focused on maximizing shareholder value and has the discipline and courage to exit markets” where it does not see potential for efficient, scalable, and profitable growth.