Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on TKO Group (TKO) to $205 from $165 and keeps an Equal Weight rating on the shares. The adjusted EBITDA outlook is “higher and more certain” with the company having secured long-term media rights agreements for the UFC and WWE, the analyst tells investors. The firm sees a “knockout” year ahead as it argues that new media rights agreements, acquisition synergies and an extra WWE event in Saudi Arabia could drive 50% adjusted EBITDA growth in 2026.
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