Seaport Research analyst David Joyce upgraded TKO Group (TKO) to Buy from Neutral with a $164 price target The recent pullback in TKO shares provides an attractive risk/reward re-entry point, with rebalancing activity now completed, allowing focus to return to the UFC rights renewal that is expiring in mid-April, the analyst tells investors in a research note. The firm sees potential challenges regarding the determination of the impact on the consumer from tariffs, but TKO’s assets exhibit recession resilience, and Seaport expects live event product offerings at UFC and WWE should not see pricing degradation.
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