11 months ago
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Photo Courtesy of TKOThat’s a bad sign. We are entering the start of the first full year of WWE being part o the TKO Group. After Endeavor took over the company last year, a series of changes have already taken place. This is part of the new reality that is setting in and the question now is what all of the changes mean. We already have one such answer and it is not exactly looking great at the moment.
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According by Bloomberg by way of Yahoo, the TKO Group’s stock has received a “hold” rating from TD Cowen’s Stephen Glagola and George Kuhle, meaning that it is not recommended as a stock to buy at the moment. Reasons given for the rating include an upcoming antitrust lawsuit from 1,200 UFC fighters, the company’s overall performance and concerns about the upcoming media rights deal. There is no word on when the rating could be changed and potentially upgraded.
The company’s new investment has been doing well. Check out what WWE has been doing lately:
