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Add as a preferred source on GoogleBank of America Raises Fox Corporation Target to $85 After Upgrade
The price objective rose from $54. Fox shares gained about 3.3% in premarket trading Friday, Oct. 16.
Bank of America moved Fox Corporation (FOXA) from Underperform to Buy and set an $85 price objective, a $31 increase, as expected synergies from the pending Roku deal drove the change.
The new objective is $31 above the previous one. Fox shares rose about 3.3% in premarket trading Friday, Oct. 16.
The Roku deal remains pending. The expected synergies from the deal were the stated rationale for the rating change.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.