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Fly News Breaks for December 3, 2019
WWE
Dec 3, 2019 | 08:21 EDT
Loop Capital analyst Alan Gould raised his price target on WWE to $80 and kept his Buy rating after adding the second annual live-scale Saudi Arabia event - now contractual through 2027 - into his model. The analyst notes that while the stock has had a challenging 2019, he sees the company as "well positioned" based on the upside around its event programming, long-term TV contracts, and its "relatively predictable" revenue and cash flow growth trends.
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