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Fly News Breaks for July 26, 2019
WWE
Jul 26, 2019 | 07:47 EDT
As previously reported, Benchmark analyst Mike Hickey upgraded WWE to Buy from Hold following the company's Q2 performance, which left him optimistic that engagement metrics should continue to recover, potentially benefiting from the new distribution agreement with Fox, WWE Network re-launch, return of talent and new leadership at both Raw and Smackdown. With shares down 26% from the stock's 52-week high, Hickey said he sees an "opportunistic entry point." He set a $90 price target on WWE shares.
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