TKO Group price target raised to $121 from $103 at Seaport Research

Seaport Research raised the firm’s price target on TKO Group to $121 from $103 and keeps a Buy rating on the shares. Seaport notes its rating on the stock is based on the company’s growth outperformance and acceleration, which the firm believes indicates the shares should continue performing well in the near-term, the analyst tells investors. Additionally, the consolidation of the UFC and WWE sponsorship teams should accelerate the growth of WWR sponsorship revenue compared to its peers, the firm adds.