JMP Securities raised the firm’s price target on Sportradar (SRAD) to $19 from $17 and keeps an Outperform rating on the shares. During the current NFL season, bettors experienced one of the most favorable winning percentages for outright favorites in history, nearly historically bad for sportsbooks, the analyst tells investors in a research note. The company has moved past several operational and strategic initiatives hampering the stock performance,and is in a “solid” position, the firm says.
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