FOX Stock Price: $41 Target (Up From $27) By Wells Fargo

By Amit Chowdhry ● April 7, 2021
  • The shares of Fox Corporation (Nasdaq: FOXA, FOX) have received a price target increase from $27 to $41 by Wells Fargo. These are the details.

The shares of Fox Corporation (Nasdaq: FOXA, FOX) have received a price target increase from $27 to $41 by Wells Fargo. And Wells Fargo analyst Steven Cahall upgraded the rating of the shares from “Underweight” to “Equal Weight.”

Cahall noted that the new NFL deal serves as a clearing event with FOX’s out-year TV estimates moving up. Going forward, Cahall believes that FOX will pursue aggressive mergers and acquisitions as cord cutting poses major risks.

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