Citi Adds TKO Group Holdings (TKO) to Focus List

Citi analyst Jason Bazinet reiterated a Buy rating and $125.00 price target on TKO Group Holdings (NYSE: TKO)

The analyst comments "Over the last six months, an array of adverse headlines has put pressure on TKO’s equity (see below). And many investors are unwilling to buy TKO ahead of WWE’s Raw renewal (as it’s viewed as a negative potential catalyst). At prevailing levels, we see a 3:1 risk-reward. Under our Bear case, we see ~25% downside to the equity; our Bull case suggests ~75% upside. As such, we are adding TKO to Citi’s North America Focus List. Maintain Buy."

For an analyst ratings summary and ratings history on TKO Group Holdings click here. For more ratings news on TKO Group Holdings click here.

Shares of TKO Group Holdings closed at $77.41 yesterday.

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