Morgan Stanley raised the firm’s price target on Fox Corp. (FOXA) to $55 from $47 and keeps an Equal Weight rating on the shares. Fox’s dependence on the traditional bundle has been its challenge and those headwinds remain, but recent results show greater potential to outperform than expected with its strategy to leverage its leading brands in sports and news to drive growth, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOXA:
- Fox Corp. price target raised to $60 from $55 at Guggenheim
- Fox Corp. price target raised to $60 from $55 at BofA
- FOX Shares Flatten After Leading Analyst Questions “Too Rich” Valuation
- Fox Corp. price target raised to $54 from $49 at JPMorgan
- Fox Corp. price target raised to $64 from $59 at Wells Fargo