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Fly News Breaks for July 6, 2018
WWE
Jul 6, 2018 | 06:25 EDT
BTIG analyst Brandon Ross raised his price target on World Wrestling Entertainment to $92 and kept his Buy rating, citing the run-up in the stock price after the company's agreement on its broadcast terms with USA Networks and Fox announced last week. Ross adds that investors are also taking a positive view on its upcoming negotiations for broadcast in India and the U.K., stating that he is also optimistic on the international expansion plans of World Wrestling Entertainment. The analyst views the company as one of the "safest plays in media" with strong visibility for free cash flow growth for several years.
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