Loop Capital analyst Alan Gould raised the firm’s price target on Fox Corp. to $43 from $40 and keeps a Buy rating on the shares as part of a broader research note previewing Media/Internet sector earnings. Ratings are strong, the sports ad environment remains robust, and political advertising should increase with the increased fundraising, the analyst tells investors in a research note. Fox also has the highest percentage of sports advertising of the media conglomerates, and Tubi has been the quickest growing AVOD service, the firm added.
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