BUZZ-TKO Group rises after J.P. Morgan lifts PT

Reuters

2024/12/13

** Shares of live entertainment company TKO Group TKO.N up 2% at $144.14

** Brokerage J.P. Morgan raises stock PT by $28 to $158

** Higher expected sponsorship between WWE, UFC and Raw streaming on Netflix will increase advertiser demand for TKO - brokerage

** "The company highlighted that Minute Maid will be an official partner and will also buy advertising-supported video in demand inventory on Netflix, while it is also currently in negotiations with Mars and other brands" - J.P. Morgan analyst David Karnovsky

** Fifteen of 19 brokerages rate the stock "buy" or higher and four rate "hold"; their median PT is $139.50 ** TKO up about 76% YTD, including session's moves

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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