Macquarie Maintains Neutral on Fox, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Tim Nollen maintains a Neutral rating on Fox Corporation (NASDAQ:FOXA) and raises the price target from $30 to $32.
May 13, 2024 | 5:28 pm
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Macquarie analyst Tim Nollen has maintained a Neutral rating on Fox Corporation but increased the price target from $30 to $32.
The increase in price target by Macquarie reflects a positive outlook on Fox Corporation's stock, potentially leading to increased investor interest and a short-term positive impact on the stock price. However, the maintenance of a Neutral rating suggests that the analyst sees limited upside beyond the new target, tempering expectations for significant short-term price movement.
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