Updated Aug. 19, 2026 12:26 pm ET
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The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1109 ET – IG Group’s acquisition of U.S sports prediction market Underdog Sports has significant upside potential, but its success is dependent on regulatory and competitive wins, UBS ******* ysts write. London-listed IG agreed to acquire New York-based Underdog in July. As well as a positive regulatory environment for sports prediction markets, Underdog needs to win greater market share for the takeover to add to IG’s earnings outlook, the ******* ysts say. The stock’s sharp fall in recent weeks is partly a result of investor concern IG is pursuing the deal because its core growth is stalling, the ******* ysts say. UBS cuts its price target for IG stock from 22.00 pounds to 17.00 pounds. Shares fall 4.4% to 13.24 pounds. (josephmichael.stonorwsj.com)
#analysts #regulatory #fall #updated
Listen
(4 min)
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.
1109 ET – IG Group’s acquisition of U.S sports prediction market Underdog Sports has significant upside potential, but its success is dependent on regulatory and competitive wins, UBS ******* ysts write. London-listed IG agreed to acquire New York-based Underdog in July. As well as a positive regulatory environment for sports prediction markets, Underdog needs to win greater market share for the takeover to add to IG’s earnings outlook, the ******* ysts say. The stock’s sharp fall in recent weeks is partly a result of investor concern IG is pursuing the deal because its core growth is stalling, the ******* ysts say. UBS cuts its price target for IG stock from 22.00 pounds to 17.00 pounds. Shares fall 4.4% to 13.24 pounds. (josephmichael.stonorwsj.com)
#analysts #regulatory #fall #updated
22 days ago
