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UPDATE: Wells Fargo Downgrades World Wrestling Enter to Underweight As Firm Notes 4 Potential Long-Term Downside Risks:

1. The potential for the near-term deals to come in below expectations 2. Opex growth remaining elevated after 2020 3. Ratings improvements driven by SmackDown’s move to Fox starting to

Benzinga · 02/10/2020 15:50

1. The potential for the near-term deals to come in below expectations

2. Opex growth remaining elevated after 2020

3. Ratings improvements driven by SmackDown’s move to Fox starting to lap

4. longer-term concerns about rights values