JP Morgan Downgrades Fox to Neutral, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Philip Cusick has downgraded Fox (NASDAQ:FOXA) from Overweight to Neutral and lowered the price target from $40 to $36.
November 03, 2023 | 10:01 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Fox's stock has been downgraded to Neutral from Overweight by JP Morgan, with a lowered price target of $36.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Fox, potentially leading to a short-term decrease in its stock price. The lowered price target also suggests that JP Morgan sees less upside potential in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100