Seaport Research analyst David Joyce raised the firm’s price target on TKO Group to $137 from $127 and keeps a Buy rating on the shares. The firm is raising its price target as sentiment continues to embrace the long-term opportunity set for UFC and WWE, the analyst tells investors. Much of the recent appreciation in the company’s shares come from enthusiasm for the upcoming UFC media rights renewal as well as growth trends in sponsorship and live events, the firm adds.
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