Barclays Maintains Equal-Weight on Fox, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Kannan Venkateshwar has maintained an Equal-Weight rating on Fox Corporation (NASDAQ:FOXA) and raised the price target from $33 to $36.
May 13, 2024 | 6:03 pm
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Barclays has maintained its Equal-Weight rating on Fox Corporation but increased the price target from $33 to $36, indicating a positive outlook on the stock's future performance.
The increase in price target by Barclays reflects a positive adjustment in their valuation of Fox Corporation, suggesting that the analyst sees potential for the stock to perform better than previously expected. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100