Loop Capital raised the firm’s price target on Fox Corp. (FOXA) to $55 from $48 and keeps a Buy rating on the shares. The firm notes that Fox News ratings have been strong and its market share has only accelerated since the election, also stating that the broadcast network benefited from a Yankees/Dodgers matchup for the World Series, strong college and NFL football ratings, as well as its deal to broadcast the Super Bowl in February, the analyst tells investors in a research note.
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