Loop Capital analyst Alan Gould upgraded News Corp. (NWSA) to Buy from Hold with a price target of $25, up from $17, after Rupert Murdoch withdrew his proposal to merge the company with Fox. Without a Fox Corp. (FOXA) combination, News Corp. can be valued on a sum-of-the-parts story again, the analyst tells investors in a research note. The analyst says News Corp. is being transformed from a "messy conglomerate" to a company focused on digital real estate, Dow Jones and proprietary information services, and book publishing. In a stronger market environment, Loop expects management will try to monetize at least a portion of its subscription video business.
Published first on TheFly
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