WWE’s Saudi Arabia “Conundrum” May Cause Up To $16M Hit To The Solar Plexus – Analyst

If World Wrestling Entertainment were to abandon its long-term deal with Saudi Arabia, that move could dent the company’s 2019 operating income by between $12 million and $16 million, according to a report from a Wall Street analyst. Eric Handler of MKM Partners maintains a buy rating on the stock, with a 12-month price target of $95. It closed today’s trading session at $83.98, down a fraction. Handler estimates a decision to delay or cancel the wrestling circuit’s…

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