World Wrestling Entertainment Inc. Chairman Vince McMahon (L) and wrestler Triple H appear in the ring during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009
Ethan Miller | Getty Images Entertainment | Getty Images
Here are the biggest calls on Wall Street on Friday:
Nomura Instinet initiated Walmart & Target as ‘buy’
Nomura initiated Walmart & Target as “buy” and said it had a positive outlook on retail and that it saw another year of “solid” growth ahead.
“Retail sales as we measure it have grown 3.6% year to date in 2019, solid versus a 15-year average of 3.5%. We believe the macro economic backdrop will support another year of solid growth.”
Citi upgrading World Wrestling Entertainment to ‘buy’ from ‘neutral’
Citi upgraded the stock and said the risk/reward was now “compelling.”
“In 1Q19, WWE sentiment was almost uniformly bullish. As the firm inked its new US TV rights deals, the market extrapolated the step-ups for international markets and assumed most new revenue would flow to OIBDA. The stock briefly touched $100 a share.”
Read more about this call here.