Macquarie Maintains Neutral on Fox, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Tim Nollen maintains a Neutral rating on Fox Corporation (NASDAQ:FOXA) and raises the price target from $29 to $30.
February 08, 2024 | 2:20 pm
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Macquarie analyst Tim Nollen maintains a Neutral rating on Fox Corporation but raises the price target from $29 to $30.
The increase in the price target from $29 to $30 by a reputable analyst could lead to positive investor sentiment in the short term, potentially pushing the stock price up. However, the maintenance of a Neutral rating suggests that the analyst sees limited upside beyond the new target, which could temper the positive impact.
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IMPORTANCE 75
RELEVANCE 100