Seaport Research initiated coverage of WWE with a Neutral rating. The firm is starting coverage of a total of ten companies in the Live Sports & Entertainment segment with a generally positive thesis due to proven operational resiliency during economic downturns, for the long-term appreciating nature of the scarce professional sports teams, and for deep discounts to NAV for certain names that may take some time for the ultimate catalysts to unfold.
Published first on TheFly
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- WWE & Fanatics expand partnership to include global event retail merchandise
- WWE upgraded to Overweight from Equal Weight at Morgan Stanley
- WWE price target raised to $114 from $105 at Guggenheim
- WWE/Endeavor merger creates more attractive growth story, says Roth MKM
- WWE’s TV rights renewal to serve as next catalyst, says Loop Capital
