TKO Group initiated with an Outperform at Baird

Baird analyst Vikram Kesavabhotla initiated coverage of TKO Group (TKO) with an Outperform rating and $225 price target TKO is well-positioned at the intersection of key themes in the media landscape, and the analyst tells investors that the range of partnerships will bolster the long-term value of brands across the portfolio. There are a variety of growth and upside drivers still in play going forward, including incremental progress on boxing, site fees, dynamic pricing, and partnerships, the firm says.