MKM Partners sees WWE as ‘very attractive asset’ if it goes for sale

MKM Partners analyst Eric Handler keeps his Buy rating and $90 price target on WWE (WWE) after the stock jumped by as much as 10% last night on the announcement that Vince McMahon is returning to the board of directors to commence a strategic review of the business that could include a sale. Given the scarcity of independent content creators that can match the global popularity and size of WWE, the company would be a "very attractive asset" and could bring a pool of large-scale entities such as Comcast (CMCSA), Fox (FOX), Disney (DIS), Amazon (AMZN), and even Netflix (NFLX), the analyst tells investors in a research note.