CNBC Pro

Citi upgrades struggling WWE, says upside from here 'looks attractive'

Share
WWE SmackDown World Tour
Joern Pollex | Bongarts | Getty Images

The upside case for World Wrestling Entertainment's stock far outweighs the downside, according to Citi.

The firm upgraded the struggling stock to buy from neutral, saying the risk-reward "looks attractive" and "compelling." Citi calculates WWE only has 15% more to fall in a downside scenario, while the shares have 45% upside.

More In Pro News and Analysis

CNBC ProMorgan Stanley upgrades Occidental on higher oil prices, predicts 40% gain
CNBC ProThese 8 global stocks will benefit from rising inflation: Bank of America
CNBC ProCNBC’s 'Halftime Report' traders answer your questions on Freeport-McMoRan, Roblox and Delta