TKO Group price target raised to $121 from $112 at Roth MKM

Roth MKM analyst Eric Handler raised the firm’s price target on TKO Group to $121 from $112 and keeps a Buy rating on the shares. The company reportd a better than expected Q1 and raised its guidance, with upside seen from UFC and WWE, the analyst tells investors in a research note. Roth MKM further notes TKO’s “meaningful margin improvement”.