In a report published Friday, BTIG Research analyst Richard Greenfield upgraded the rating on 21st Century Fox FOXA from Neutral to Buy, and named a $40.00 price target.
In the report, BTIG Research noted, “We are upgrading 21st Century to BUY from Neutral and establishing a $40 price target. We believe that Fox's current asset mix, with a heavy emphasis around sports position the company for superior long term growth and a more defensible position in an evolving media landscape.”
21st Century Fox closed on Thursday at $34.32.
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