BofA analyst Jessica Reif Ehrlich raised the firm’s price target on Fox Corp. (FOX) (FOXA) to $70 from $65 and keeps a Buy rating on the shares. The firm, which believes Fox’s portfolio of “live” news and sports remains well positioned to outperform other segments and anticipates Fox’s fiscal Q1 results will largely reflect a continuation of underlying trends, raised its Q1 revenue and OIBDA estimates.
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