TKO Group price target raised to $158 from $137 at JPMorgan

JPMorgan raised the firm’s price target on TKO Group (TKO) to $158 from $137 and keeps an Overweight rating on the shares. The firm increased estimates following management commentary on sponsorship at a conference earlier this week. The higher price target also reflects an increased bullishness for Raw distribution on Netflix following the success of the Tyson/Paul fight, the analyst tells investors in a research note.