Fox Corp. price target raised to $44 from $40 at Wells Fargo

Wells Fargo analyst Steven Cahall raised the firm’s price target on Fox Corp. to $44 from $40 and keeps an Overweight rating on the shares. The analyst says the company’s cash deployment is "steady and going back to shareholders." The firm likes Fox "for not going off script in search of growth at any cost." The company has also avoided pitfalls like launching a streaming service and rewarded investors with cash, the analyst tells investors in a research note.