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Stifel Initiates Coverage On Twenty-First Century Fox On Multiple Positive Factors

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In a report published Friday, Stifel analyst Benjamin Mogil initiated coverage on Twenty-First Century Fox Inc (NASDAQ: FOXA) with a Buy rating and $41.00 price target.

In the report, Stifel noted, “We are initiating coverage on Fox with a Buy rating and a target price of $41. We believe the company's collection of sports rights with a full suite from broadcast to RSN positions the company well for retransmission and increasingly reverse retransmission discussions. While the broadcast channel entertainment ratings remain in flux, the FX channel suite has seen strong ratings and a good programming halo. On the film side, we believe Fox's historically strong position abroad positions the company very well given that the incremental box office globally is coming from emerging and less developed markets.”

Twenty-First Century Fox closed on Thursday at $24.86.

Latest Ratings for FOXA

DateFirmActionFromTo
Apr 2019BMO CapitalReinstatesMarket Perform
Apr 2019CitigroupInitiates Coverage OnNeutral
Apr 2019UBSMaintainsNeutralNeutral

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Posted-In: Benjamin Mogil StifelAnalyst Color Initiation Analyst Ratings

 

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