BTIG initiated coverage of TKO Group (TKO) with a Buy rating and $235 price target The sports industry is poised for growth in the low double digits, driven by structural consumer demand for live events, and the company is the market leader for combat sports, driving pricing power and industry-leading margin structure, the analyst tells investors in a research note. BTIG adds it is positive on TKO’s position as the leading sports entertainment platform with additional catalysts on the horizon from international growth, incremental rights agreements, and new initiatives like boxing.
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