Fox Corp. price target raised to $54 from $49 at JPMorgan

JPMorgan raised the firm’s price target on Fox Corp. (FOXA) to $54 from $49 and keeps a Neutral rating on the shares. The firm increased estimates following the company’s “strong” fiscal Q2 report. JPMorgan is “incrementally positive” following the print, but thinks long-term questions remain on Fox’s ability to maintain performance in the face of pay TV pressures.