WWE price target raised to $109 from $100 at Wells Fargo

Wells Fargo raised the firm’s price target on WWE to $109 from $100 and keeps an Equal Weight rating on the shares following the Q1 results. WWE’s content is performing well, which sets the stage for pushing its U.S. TV rights higher in upcoming negotiations, the analyst tells investors in a research note. Along with synergies and a dividend, WWE "is on a smooth path to the merger," says the firm.