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RBC says IG Group selloff overdone after Underdog acquisition, sees 43% upside

Market News
14 Aug 2026
Proactive Investors
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Bullish
RBC says IG Group selloff overdone after Underdog acquisition, sees 43% upside

RBC Capital Markets maintains an outperform rating on IG Group, arguing the market overreacted to its acquisition of Underdog, a sports prediction platform. Despite a 22% share price drop wiping £1.2 billion in value, RBC sees the deal as strategically sound, diversifying IG into fast-growing sports markets. They forecast minor earnings dilution in 2027 but 11% earnings growth by 2029, with Underdog contributing over 30% of revenues. Regulatory uncertainty remains, but IG shares now trade at a reasonable valuation, presenting an attractive risk-reward opportunity.

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Class action lawsuit filed against FuelCell Energy over misleading production and cost disclosures.

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Berger Montague has filed a class action lawsuit against FuelCell Energy on behalf of investors who bought the company's securities between June 24 and September 1, 2026. The lawsuit alleges that FuelCell Energy made false or misleading statements ab...

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Gold prices fell slightly even as the New York Federal Reserve reported a sharp drop in its Empire State Manufacturing Survey to 7.6, well below expectations. The weak manufacturing data signals cooling in the U.S. sector but is not seen as enough to...

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