UBS raised the firm’s price target on TKO Group to $135 from $115 and keeps a Buy rating on the shares. TKO’s Q2 results were well ahead of expectations, driven by strength in live events and synergy realization at WWE, the analyst tells investors in a research note. UBS expects TKO to sustain double-digit EBITDA growth amid rights step-ups, as well as growing contribution from site fees and cost savings.
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