TD Cowen raised the firm’s price target on TKO Group (TKO) to $143 from $140 and keeps a Buy rating on the shares. The firm said long-hoped-for clarity around capital allocation and a sneak peek at favorable 3Q results have been overshadowed by surprising plans to acquire $3.25bn worth of assets from Endeavor. The acquisitions ultimately make sense, and were priced fairly for both sides.
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