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Fly News Breaks for April 10, 2018
WWE
Apr 10, 2018 | 07:05 EDT
Wells Fargo analyst Eric Katz says that a stacked WrestleMania 34 card delivered with 2.124M total WWE Network subscriptions. Based on his conversations with investors, this was ahead of most expectations of only slightly above 2M, and was a healthy over 9% better than last year's 1.949M total sub count. Bottom line, Katz believes these are "solid results," and he continues to like the stock for 2018 as WWE appears well-positioned to potentially exceed expectations for several significant TV renewal announcements that are around the corner. The analyst reiterates an Outperform rating and $43 price target on the shares.
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