Loop Capital raised the firm’s price target on Fox Corp. (FOXA) to $64 from $62 and keeps a Buy rating on the shares. The company delivered excellent results, again significantly outperforming its linear competitors, while its affiliate revenue growth has topped all of its competitors for each of the past five quarters, the analyst tells investors in a research note. This strong performance underscores Fox’s differentiated news and sports strategy, as well as its strong execution, Loop adds.
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