Guggenheim analyst Michael Morris raised the firm’s price target on Fox Corp. (FOX) (FOXA) to $68 from $62 and keeps a Buy rating on the shares. Steady ratings strength and advertising momentum for live sports content continues to underpin a positive outlook and the firm’s upward advertising “tweaks,” says the analyst, whose full year free cash flow forecast of $1.3B is up from $1.1B previously.
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