JPMorgan raised the firm’s price target on Fox Corp. to $41 from $38 and keeps a Neutral rating on the shares. The firm increased Fox’s fiscal 2025 estimates ahead of the fiscal Q1 earnings report to reflect recent trends and commentary at September conferences. The change reflects higher political advertising forecasts at Television, mainly in Q2, following record fundraising and guidance raises from other broadcast groups, the analyst tells investors in a research note.
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