JPMorgan analyst David Karnovsky raised the firm’s price target on TKO Group to $132 from $126 and keeps an Overweight rating on the shares. The firm increased forecasts for 2024 and the out-years post the company’s Q2 report. The quarter was important in highlighting significant growth drivers at TKO beyond media rights, including improving ticket yields, site fees, and sponsorship, the analyst tells investors in a research note.
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