Bank of America Reiterates Buy Rating on News Corp
Symbols: NWS
According to Bank of America, News Corp (NASDAQ: NWS) Buy rating is reiterated.
Bank of America said that it projects NWS' F2Q will benefit from sustained strength at the Cable Networks and better Film, partially offset by sluggish Publishing and tough local Television comps. “In our view, NWS offers strong underlying fundamentals at core assets, turnaround potential at others, several levers for content value resets (e.g. affil. renewals, retrans., SVOD and syndication sales) and an improving balance sheet. Reiterate Buy.”
News Corp closed on Friday at $19.92.
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