Jefferies analyst David Katz lowered the firm’s price target on Sportradar to $11 from $13 and keeps a Hold rating on the shares ahead of the Q1 report. The analyst reduced EBITDA margin assumptions to account for management’s latest guidance. While the U.S. online sports betting market improving and the focus on technology and data providers could increase, Sportradar is in the midst of a CFO change, which adds inherent uncertainty, the analyst tells investors in a research note.
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