As previously reported, BofA upgraded Fox Corp. to Buy from Neutral with a price target of $40, up from $34. FY24 was set to be a challenging year given the “extremely difficult” comparisons to FY23, which included the Super Bowl, World Baseball Classic, a midterm election cycle and the men’s World Cup. However, Fox is now well-positioned to accelerate earnings in FY25, 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 REPORTS THIRD QUARTER FISCAL 2024 REVENUES OF $3.45 BILLION, NET INCOME OF $704 MILLION, AND ADJUSTED EBITDA OF $891 MILLION
- Notable companies reporting before tomorrow’s open
- What Wall Street experts are saying about Disney ahead of earnings
- Warner Bros Discovery (NASDAQ:WBD) Plunges as It May Lose NBA
- U.S. lawmakers raise concerns about sports-streaming JV, Variety reports