Goldman Sachs analyst Michael Ng raised the firm’s price target on Fox Corp. (FOXA) to $60 from $57 and keeps a Buy rating on the shares after its Q2 earnings beat. The company’s Q2 EBITDA topped estimates on Television and Cable Network Programming, driven by broad-based strength across sports and Fox News Channel ratings, record political advertising revenue, Tubi’s 31% revenue growth y/y, and affiliate fees, the analyst tells investors in a research note.
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