TKO Group price target raised to $260 from $240 at Roth Capital

Roth Capital analyst Eric Handler raised the firm’s price target on TKO Group (TKO) to $260 from $240 and keeps a Buy rating on the shares. The firm is positive on the company’s growth prospects which balance the highly visible, fully contracted, recurring media rights deals with the lengthy runway associated with fast rising Partnerships and Financial Incentive Packages, the analyst tells investors in a research note. Zuffa Boxing is also a nascent development opportunity with significant long-term potential, Roth adds.