Jefferies analyst Randal Konik raised the firm’s price target on TKO Group to $150 from $131 and keeps a Buy rating on the shares following “another strong quarter” that resulted in a second consecutive FY24 guidance raise. Noting that both UFC and WWE had strong performance in the quarter, the firm believes TKO has “ample opportunity to generate attractive top-line expansion, margin performance, and FCF conversion moving forward,” the analyst tells investors.
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