Deutsche Bank analyst Bryan Kraft raised the firm’s price target on Fox Corp. to $40 from $39 and keeps a Buy rating on the shares. Fox continues to outperform the TV market broadly given its concentrated focus on sports and news, while its primary digital asset continues to post impressive growth even in a difficult ad market, the firm notes. Q2 consolidated results were ahead of Deutsche’s estimates for EBITDA and free cash flow, with strength in the TV segment partially offset by weaker Cable results.
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Published first on TheFly
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