As previously reported, BofA upgraded Fox Corp. to Buy from Neutral with a price target of $40, up from $34. FY24 was set to be a challenging year given the “extremely difficult” comparisons to FY23, which included the Super Bowl, World Baseball Classic, a midterm election cycle and the men’s World Cup. However, Fox is now well-positioned to accelerate earnings in FY25, the analyst tells investors.
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