B of A Securities Upgrades Fox to Buy, Raises Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jessica Reif Ehrlich upgrades Fox Corporation (NASDAQ:FOXA) from Neutral to Buy and increases the price target from $34 to $40.
May 09, 2024 | 11:41 am
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POSITIVE IMPACT
Fox Corporation's stock rating was upgraded from Neutral to Buy by B of A Securities, with a price target increase from $34 to $40.
The upgrade from Neutral to Buy by a significant analyst at B of A Securities, along with a notable increase in the price target, is a strong positive signal for Fox Corporation's stock. This endorsement suggests a bullish outlook on the company's future performance and potential for stock price appreciation, likely leading to increased investor interest and potentially higher stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100