Morgan Stanley Upgrades World Wrestling Entertainment (WWE) to Overweight

Morgan Stanley upgraded World Wrestling Entertainment (NYSE: WWE) from Equalweight to Overweight with a price target of $40.00 (from $23.00).

Analyst Ben Swinburne comments "...we expect the upcoming media rights renewal cycle to accelerate already industry-leading growth and further boost margins. In the rapid ramp in content spending on TV and online, owners of exclusive and popular IP like WWE stand to benefit."

For an analyst ratings summary and ratings history on World Wrestling Entertainment click here. For more ratings news on World Wrestling Entertainment click here.

Shares of World Wrestling Entertainment closed at $34.23 yesterday.

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