Loop Capital analyst Alan Gould raised the firm’s price target on WWE to $105 from $90 and keeps a Buy rating on the shares after the company announced the return of Vince McMahon to its board of directors and review of strategic alternatives. The analyst states that he had upgraded the stock in July when McMahon stepped down based on a greater likelihood that the company would be sold, but with controlling shareholder driving a strategic review, he sees the chances of a deal as "even more likely".
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Published first on TheFly
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