Morgan Stanley Keeps Their Buy Rating on World Wrestling (WWE)


In a report released today, Benjamin Swinburne from Morgan Stanley maintained a Buy rating on World Wrestling (NYSE: WWE), with a price target of $95. The company’s shares opened today at $66.

According to TipRanks.com, Swinburne is a 5-star analyst with an average return of 11.5% and a 57.9% success rate. Swinburne covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Cinemark Holdings Inc, and 21st Century Fox.

Currently, the analyst consensus on World Wrestling is a Strong Buy with an average price target of $94.80, representing a 43.6% upside. In a report issued on October 23, KeyBanc also reiterated a Buy rating on the stock with a $104 price target.

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World Wrestling’s market cap is currently $5.16B and has a P/E ratio of 91.89. The company has a Price to Book ratio of 18.48.

Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

World Wrestling Entertainment, Inc. engages in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands.

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