Morgan Stanley Maintains Equal-Weight on Fox, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Benjamin Swinburne maintains an Equal-Weight rating on Fox (NASDAQ:FOXA) and lowers the price target from $37 to $36.
June 06, 2023 | 12:14 pm
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Morgan Stanley maintains an Equal-Weight rating on Fox and lowers the price target from $37 to $36.
The news directly mentions Fox (NASDAQ:FOXA) and the lowered price target by Morgan Stanley. This may cause some investors to reevaluate their positions, but the Equal-Weight rating suggests that the stock is fairly valued, and the price target change is relatively small. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100