JP Morgan Maintains Overweight on News, Raises Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Alexia Quadrani has maintained an Overweight rating on News Corp (NASDAQ:NWSA) and increased the price target from $28 to $29.

November 16, 2023 | 2:55 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
JP Morgan's analyst has reaffirmed an Overweight rating on News Corp and raised the price target, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Alexia Quadrani from JP Morgan typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100