TD Cowen raised the firm’s price target on TKO Group (TKO) to $245 from $230 and keeps a Buy rating on the shares. The firm believes TKO is a multi-year compounder, offering exposure to rising sports rights value supported by contracted revenue, expanding margins, and strong FCF conversion. Recent UFC/WWE renewals and new initiatives like boxing strengthen the growth outlook, while pricing power and sponsorship support sustained profitability.
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