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Fly News Breaks for April 5, 2016
WWE
Apr 5, 2016 | 09:17 EDT
After WWE announced its Q1 subscriber data, Pacific Crest lowered its Q2 ending paid sub estimate ro 1.43M from 1.6M. WWE provided average paid subscriber guidance for Q2 of 1.48M-1.55M. Pacific Crest believes that it probably underestimated the impact of churn on free trial subscribers. It trimmed its price target on the name to $20 from $22 but keeps an Overweight rating on the shares.
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