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

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.