Market Overview

UPDATE: Bank of America Initiates 21st Century Fox with Buy on Multiple Growth Drivers

Share:
Related FOXA
Homer Simpson Has A Pretty Nice ROI From The Denver Broncos
Must Watch Stocks for February 8, 2016
Will ESPN Drag Down Disney Again In Q1, Or Will The Force Awaken? (Investor's Business Daily)

In a report published Wednesday, Bank of America analyst Jessica Reif Cohen initiated coverage on 21st Century Fox (NASDAQ: FOXA) with a Buy rating and $33.00 price target.

In the report, Bank of America noted, “As a new stand-alone entity, we view FOX as leading purveyor of global content with several multi-year growth drivers in place and new ones still emerging, including: (1) the launch of Fox Sports 1 and FXX and (2) further build-out of ent. themed cable networks, (3) share gains for non-fiction cable networks, (4) brisk retrans growth, (5) global FIC momentum, (6) rising SKYD tailwinds, (7) solid Filmed Entertainment and (8) possible Simpsons 2nd cycle syndication sale/cable network asset play.”

21st Century Fox closed on Tuesday at $29.21.

Latest Ratings for FOXA

DateFirmActionFromTo
Feb 2016Telsey Advisory GroupInitiates Coverage onOutperform
Jan 2016Credit SuisseMaintainsOutperform
Nov 2015Credit SuisseMaintainsOutperform

View More Analyst Ratings for FOXA
View the Latest Analyst Ratings

Posted-In: Bank of America Jessica Reif CohenAnalyst Color Initiation Analyst Ratings

 

Related Articles (FOXA)

View Comments and Join the Discussion!

Get Benzinga's Newsletters