Super Group price target raised to $19 from $14 at BTIG

BTIG raised the firm’s price target on Super Group (SGHC) to $19 from $14 and keeps a Buy rating on the shares. The company’s investor day event provided a timely overview of the business at a stage where fundamentals are improving post-closure of the U.S. sportsbook and iGaming operations, and from here forward, the firm sees runway for revisions, multiple expansion, and share price upside as investors become familiar with the business, the analyst tells investors in a research note. BTIG adds that its sees opportunities to augment future growth via market expansion, with Ghana, Germany, Spain, Ireland, and Alberta all set for launch/expansion over the next 12 months.