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Guggenheim says WWE is its best idea for growth

Charlotte Flair (L) and Bayley fight during to the WWE Live Duesseldorf event at ISS Dome on February 22, 2017 in Duesseldorf, Germany.
Lukas Schulze | Bongarts | Getty Images

World Wrestling Entertainment has several upcoming events that should catapult its stock upward, according to Guggenheim.

The firm named WWE its best idea into the remainder of 2019, and reiterated its buy rating and $100 price target, a 55% upside for the stock.