Susquehanna raised the firm’s price target on TKO Group (TKO) to $230 from $229 and keeps a Positive rating on the shares. The firm noted the shares fell following comments from its COO at a competitor conference which lowered 2026 EBITDA margins to “in excess of 35%” versus consensus estimates that assumed around 38%. Susquehanna said with its core US media rights locked in over the medium-term, they see upside to come from live events and sponsorships, with sponsorships the bigger beneficiary from democratized UFC access through Paramount deal and the White House mega-event.
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