Citi upgrades struggling WWE, says upside from here 'looks attractive'

This post was originally published on this site
Want create site? Find Free WordPress Themes and plugins.

WWE SmackDown World Tour

Joern Pollex | Bongarts | Getty Images

The upside case for World Wrestling Entertainment‘s stock far outweighs the downside, according to Citi.

The firm upgraded the struggling stock to buy from neutral as the risk-reward “looks attractive.” Citi calculates WWE only has 15% more to fall in a downside scenario, while the shares have 45% upside.

The shares have been struggling as management hinted at higher spending in 2020 and consensus estimates for operating income tumbled. 

Did you find apk for android? You can find new Free Android Games and apps.

Add Comment