BofA initiated coverage of TKO Group with a Buy rating and $100 price target. The company offers a combination of sales growth, margin expansion and free cash flow generation, the analyst tells investors in a research note. The firm view TKO’s remaining U.S. media rights deals for UFC as the most important for the stock over the intermediate term.
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Read More on TKO:
- TKO Group initiated with a Buy at Goldman Sachs
- TKO Group 5.35M share Block Trade priced at $79.00
- TKO Group 5.35M share Block Trade; price range $79.00-$81.67
- TKO Group price target lowered to $100 from $107 at Seaport Research
- Bad News for TKO Group Holdings, Inc. Stock: This New Risk Has Been Added
