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Fly News Breaks for July 18, 2019
WWE
Jul 18, 2019 | 09:09 EDT
MKM Partners analyst Eric Handler kept his Buy rating and $110 price target on WWE, saying he continues to have a bullish view on the company's multi-year growth outlook and expects its Q2 earnings to be "fine". The analyst also believes that WWE stock has become oversold, and that any announcement of the company's remaining-to-be-signed TV deals in India and the Middle East should be a positive. Handler adds that he continues to expect WWE's OIBDA to "at least double" next year - a forecast which he contends still does not include the "meaningful" contributions from better subscriber trends in its relaunched WWE Network.
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