Evercore ISI lowered the firm’s price target on Fox Corp. to $33 from $35 and keeps an In Line rating on the shares. Fox’s fiscal Q1 results “reflected relatively healthy results against a challenging linear backdrop,” says the analyst, who cut the firm’s price target on the shares to reflect the impact of higher risk-free rates in its discounted cash flow analysis.
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Read More on FOXA:
- Fox Corp. downgraded to Neutral from Overweight at JPMorgan
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