Sportradar price target lowered to $13 from $14 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Sportradar to $13 from $14 and keeps a Buy rating on the shares. Sportradar’s Q4 earnings report and conference call was a "mixed bag," the analyst tells investors. The company’s top-line results and revenue outlook instills more confidence, but the increased costs from investments and elevated wage pressures will continue to impact flow-through to EBITDA, the firm says.