TKO Group price target raised to $240 from $210 at Roth Capital

Roth Capital raised the firm’s price target on TKO Group (TKO) to $240 from $210 and keeps a Buy rating on the shares. The firm remains positive toward TKO and its long-term growth potential, adding that while the company’s three major TV license contract negotiations have been completed, there are additional levers with the potential to drive incremental upside to estimates in the coming years, along with increased capital return opportunities, the analyst tells investors in a research note.