This post was originally published on this site
![](https://image.cnbcfm.com/api/v1/image/105214569-GettyImages-155281403.jpg?v=1573214774)
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 as the risk-reward “looks attractive.” Citi calculates WWE only has 15% more to fall in a downside scenario, while the shares have 45% upside.
The shares have been struggling as management hinted at higher spending in 2020 and consensus estimates for operating income tumbled.