Super Group (SGHC) stock surged 6.31% in pre-market trading on Friday, driven by a positive analyst report and rating upgrade. The online gambling company's shares received a boost after Canaccord Genuity analyst Jason Tilchen upgraded SGHC to a Buy rating, citing strong international growth prospects and the company's strategic exit from the US market.
In his report, Tilchen highlighted Super Group's solid performance in international markets and the potential for further expansion. The analyst also viewed the company's decision to withdraw from the US market as a positive strategic move, allowing it to focus resources on more lucrative opportunities globally.
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