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Fly News Breaks for June 4, 2018
WWE
Jun 4, 2018 | 07:26 EDT
KeyBanc analyst Evan Wingren raised his price target for WWE to $71 from $49 and continues to recommend buying the stock. Based on press reports, TV rights for Raw and Smackdown are likely to greatly exceed prior expectations, he notes. Wingren continues to view the digital and international opportunity as compelling in the near-term, and believes the long-term content, data, and OTT story is one to own in media. The analyst reiterates an Overweight rating on the shares.
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