Morgan Stanley analyst Benjamin Swinburne raised the firm’s price target on WWE to $80 from $75 and keeps an Equal Weight rating on the shares. His analysis of the company’s upcoming U.S. rights renewal "suggests a positive risk/reward skew, but a wide range of equity outcomes," said Swinburne, who also notes that WWE shares are up 60% year-to-date and now trade towards the high end of comps.
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Published first on TheFly