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RSI — Rush Street Interactive News Story

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Rush Street Interactive rises after Stifel initiates with 'buy'

BUZZ-Rush Street Interactive rises after Stifel initiates with 'buy'

** Online gaming casino and sports betting firm Rush Street Interactive's RSI.N shares rise 2.9% to $22.2 premarket

** Brokerage Stifel initiates coverage with "buy" and a $34 PT, a near 58% premium to RSI's last close

** Says RSI is the only US-focused publicly traded online casino operator (iCasino) supported by strong growth prospects and stable cash flows

** Despite tougher competition, RSI's strong iCasino execution has driven industry-leading user growth and marketing efficiency - Stifel

** 12 of 13 brokerages rate the stock "buy" or higher, one "hold"; median PT is $36 - LSEG-compiled data

** As of last close, stock up 11% YTD


(Reporting by Anand Gopal in Bengaluru)

((AnandGopal.R@thomsonreuters.com))

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