Citigroup Upgrades Fox to Buy, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet upgraded Fox Corporation (NASDAQ:FOXA) from Neutral to Buy and increased the price target from $34 to $35.

February 23, 2024 | 11:48 am
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Citigroup upgraded Fox Corporation to Buy from Neutral and raised the price target to $35 from $34.
Analyst upgrades typically lead to positive short-term price movements as they reflect a positive outlook on the company's future performance. The increase in price target further strengthens the bullish sentiment, suggesting that the stock is undervalued at its current price. Given the upgrade from a reputable financial institution like Citigroup, investors are likely to react positively, driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100