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Fly News Breaks for June 21, 2019
Jun 21, 2019 | 09:23 EDT
MKM Partners analyst Eric Handler kept his Buy rating and $110 price target on WWE (WWE) after the company's announcement of a renewed pay-TV deal in Latin America and a new partnership in the UK with BT (BT). The analyst states that the company's prior notice that it would disclose monetary value for all international TV deals when they are completed suggests that it is still in talks on contracts for its India, Middle East, and China markets. Handler adds that it would "not be surprising" if WWE was able to "claw back" its ability to sell some of U.K.'s free-to-air rights for possible extra monetization.
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