Sportradar downgraded to Hold at Jefferies as focus narrows

As previously reported, Jefferies analyst David Katz downgraded Sportradar to Hold from Buy with a price target of $10, down from $18. In the context of a recession, gaming stocks "will likely remain rangebound and out of favor," so Katz is narrowing focus to stocks with "a clear path to growth amidst a recession," with a continued preference for Las Vegas and Macau as well as regional operators with an identified growth pipeline.