Guggenheim cuts TKO price target to $228 from $235

On October 20, Guggenheim maintained Buy but cut its target to $228 from $235, citing WWE event timing and mix that reduced its Q3 outlook; it kept 2026 EBITDA at $2.30B versus TKO guidance of $2.275B–$2.305B. It estimated $70M–$90M EBITDA downside if three Middle East events were canceled and moved. TKO was quoted at $174.24, near its $170.92 52-week low.