TD Cowen analyst Lance Vitanza raised the firm’s price target on TKO Group to $140 from $127 and keeps a Buy rating on the shares. The firm said they posted impressive results that were only partially explained by more live events. Both UFC and WWE seem to be benefitting from strong secular dynamics such that revenue per event is upwardly inflecting even as cost controls prove better than expected.
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Read More on TKO:
- TKO Group price target raised to $135 from $115 at UBS
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