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Fly News Breaks for September 4, 2019
WWE
Sep 4, 2019 | 09:32 EDT
Evercore ISI analyst John Belton initiated WWE with an Outperform rating and $90 price target, citing his view that the company is "on the brink of a period of unprecedented growth" given that wrestling, and the WWE platform, is "perfectly suited for a new age of media." More than 50% of revenues are now contractual and he believes several growth opportunities are not yet priced into the stock, Belton added.
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