Roth MKM raised the firm’s price target on TKO Group to $130 from $121 and keeps a Buy rating on the shares ahead of its Q2 results. The company is executing well on fundamentals and additional upside is possible in the second half of they year, which will cause the management’s guidance to move higher, the analyst tells investors in a research note. The recent site fee contracts and sponsorship agreements, along with upcoming TV rights deals, position TKO well for accelerating growth in each of the next two years, the firm added.
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