Fox Corp. price target lowered to $33 from $35 at Barclays

Barclays lowered the firm’s price target on Fox Corp. to $33 from $35 and keeps an Equal Weight rating on the shares ahead of the Q3 report. The analyst says cable valuations benefited from the bottoming of broadband subscribers earlier in the year but that these drivers could change in the coming quarters. Telecom valuations are at multi-year lows in contrast, despite a more rational pricing environment, the analyst tells investors in a research note.