WWE price target raised to $130 from $106 at Roth MKM

Roth MKM analyst Eric Handler raised the firm’s price target on WWE to $130 from $106 and keeps a Buy rating on the shares. There is a lot to like over the next few years for WWE as a standalone and together with UFC as domestic TV rights negotiations get under way for the next contracts for Raw and Smackdown, the analyst tells investors in a research note. Roth also projects a 1.75-times step up in value from its prior 1.5-times estimate.