WWE SmackDown World Tour
Joern Pollex | Bongarts | Getty Pictures
The upside case for World Wrestling Entertainment‘s inventory far outweighs the draw back, in accordance with Citi.
The agency upgraded the struggling inventory to purchase from impartial because the risk-reward “appears to be like engaging.” Citi calculates WWE solely has 15% extra to fall in a draw back situation, whereas the shares have 45% upside.
The shares have been struggling as administration hinted at greater spending in 2020 and consensus estimates for working earnings tumbled.