Stock futures edge lower as traders focus on Strait of Hormuz reopening
MSN·- Stock index futures edged lower on Tuesday as traders closely monitored developments regarding the reopening of the Strait of Hormuz. - Dow futures fell 0.17 %, S&P 500 futures dropped 0.0321 %, and Nasdaq futures declined 0.13 %. - The 2-year Treasury yield rose 2 basis points to 4.27 %, while the benchmark 10-year Treasury yield increased 2 basis points.TKO Buy Rating Reaffirmed as Media Rights Drive Growth and Cash Flow Improves; $238 Price Target Maintained
Tip Ranks·- Analyst Ryan Gravett from UBS has maintained a buy rating on TKO Group Holdings with a target price of $238.00. - He anticipates strong revenue and EBITDA growth driven by new media rights agreements and high demand for premium live events, projecting over 40% EBITDA growth in the fiscal year 2026. - J.P. Morgan also supports a buy rating for the stock, setting a target price of $222.00.