Fox Corp. price target raised to $35 from $32 at Macquarie

Macquarie raised the firm’s price target on Fox Corp. to $35 from $32 and keeps a Neutral rating on the shares. The analyst says advertising revenue did not improve in Q2 versus Q1 for the media networks as cord-cutting intensified. Only Disney and Comcast offer long-term earnings growth thanks to streaming, the analyst tells investors in a research note. The firm believes “this remains a difficult space in which to invest.” It does not recommend any of the five stocks in its coverage.