PartnerCap Securities has started coverage on Brera Holdings, a company traded on NASDAQ under the symbol BREA, with an Outperform rating and a price target of $11.50. Brera Holdings operates a unique multi-club ownership model in the football industry, with clubs in Italy, North Macedonia, Mozambique, and Mongolia, and projected FY2026 revenues of $15.2 million. The company boasts strong insider ownership at 26 percent, indicating alignment between management and investors. PartnerCap Securities believes Brera Holdings is undervalued compared to its peers, emphasizing its potential for growth and success in the sports industry.