WWE downgraded to Peer Perform on signs of ‘stress’ at Wolfe Research

Wolfe Research analyst last night Peter Supino downgraded WWE to Peer Perform from Outperform without a price target. The return of Vince McMahon to oversee the 2025 TV rights renewal and potential sale of WWE pushed the stock to the low end of Wolfe’s takeout range, the analyst tells investors in a research note. In addition, Stephanie McMahon’s resignation and board resistance to Vince McMahon’s return "signal stress," contends the firm. Wolfe sees "significant risk to the process" of a potential sale.