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Fly News Breaks for May 2, 2019
WWE
May 2, 2019 | 07:20 EDT
Loop Capital analyst Alan Gould upgraded WWE to Buy and raised his price target to $100 from $85, saying he is taking advantage of the recent pullback in the stock price driven by the "temporary" and "unusual" amount of talent injuries. The analyst lowers his FY19 EPS view to 96c to $1.08, but expects the company to recover its double-digit revenue and 30% earnings growth while also citing the management's plans to hold another "highly profitable event in Saudi Arabia."
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