Seaport Research upgraded Fox Corp. to Buy from Neutral with a $37 price target. The analyst says cyclically strong and possibly a new record of presidential election advertising spending is coming soon while certain Fox News ratings and direct-response ad challenges are behind the company. Meanwhile, the company’s sports programming continues to have solid ratings momentum and the Tubi service is growing advertising likely in the high teens percent, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FOXA:
- Warner Bros Discovery (NASDAQ:WBD) Slides despite Huge Expansion Plans
- Netflix (NASDAQ:NFLX) Slips on Quiet Sports Deal with Fox
- FOX, WBD, DIS: Sports Streaming Coalition Taps New CEO
- Former Apple executive Pete Distad named CEO of new sports streaming service
- Fox Nation streaming service expands distribution to Dish Network and Sling TV
Questions or Comments about the article? Write to editor@tipranks.com