JPMorgan raised the firm’s price target on Fox Corp. to $38 from $36 and keeps a Neutral rating on the shares. The company reported “solid” fiscal Q4 results and issued positive commentary around upfronts, the analyst tells investors in a research note. However, the firm maintains a cautious view on pay TV trends and the challenge in migrating news and sports content to digital.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOXA:
- FOX REPORTS FOURTH QUARTER FISCAL 2024 REVENUES OF $3.09 BILLION, NET INCOME OF $320 MILLION, AND ADJUSTED EBITDA OF $773 MILLION
- Notable companies reporting before tomorrow’s open
- Fox Corp. price target raised to $43 from $40 at Loop Capital
- FOXA Earnings this Week: How Will it Perform?
- Warner (NASDAQ:WBD) Plunges after Sports Streaming Platform Gets Priced