TD Cowen raised the firm’s price target on TKO Group (TKO) to $143 from $140 and keeps a Buy rating on the shares. The firm said long-hoped-for clarity around capital allocation and a sneak peek at favorable 3Q results have been overshadowed by surprising plans to acquire $3.25bn worth of assets from Endeavor. The acquisitions ultimately make sense, and were priced fairly for both sides.
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Read More on TKO:
- TKO Group price target lowered to $135 from $137 at Seaport Research
- TKO Group price target lowered to $140 from $170 at Pivotal Research
- M&A News: TKO Stock Sinks after Benchmark Labels Deal as a “Favor”
- TKO Group downgraded at Benchmark on concern about acquisition strategy
- TKO Group downgraded to Hold from Buy at Benchmark