Citi upgrades struggling WWE, says upside from right here ‘seems to be engaging’

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Citi upgrades struggling WWE, says upside from right here ‘seems to be engaging’

WWE SmackDown World TourJoern Pollex | Bongarts | Getty PhotosThe upside case for World Wrestling Entertainment's inventory far outweighs the draw


WWE SmackDown World Tour

Joern Pollex | Bongarts | Getty Photos

The upside case for World Wrestling Entertainment‘s inventory far outweighs the draw back, in response to Citi.

The agency upgraded the struggling inventory to purchase from impartial, saying the risk-reward “seems to be engaging” and “compelling.” Citi calculates WWE solely has 15% extra to fall in a draw back state of affairs, whereas the shares have 45% upside.



cnbc.com