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TKO Group price target raised to $225 from $205 at Guggenheim

Guggenheim raised the firm’s price target on TKO Group (TKO) to $225 from $205 and keeps a Buy rating on the shares. The firm, which raised its outlook at WWE on a strong live events slate, the pull-forward of the ESPN PLE rights agreement, and continued sponsorship momentum, also lowered its UFC outlook “modestly” on the timing of PPV events and a tough UFC Sphere comp. The net results is that its full-year adjusted OIBDA outlook of $1.615B remains above consensus and management’s guidance range, the analyst tells investors.

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