Fox Corp. price target raised to $36 from $33 at Barclays

Barclays raised the firm’s price target on Fox Corp. to $36 from $33 and keeps an Equal Weight rating on the shares. The analyst updated the company’s model post the earnings report. While broader structural challenges are still significant for the U.S. media companies, recent quarters have started to show some positive second derivative trends that haven’t yet registered broadly but could be meaningful enough to turn around sentiment in some media names, the analyst tells investors in a research note.