UBS analyst John Hodulik raised the firm’s price target on Fox Corp. (FOX) (FOXA) to $65 from $63 and keeps a Buy rating on the shares. Fox Corp.’s Q4 results should reflect the benefits of sustained ad momentum at FOX News while affiliate growth remains healthy but moderates amid fewer renewals, the analyst tells investors in a research note. UBS thinks Fox is better positioned than peers to keep profits stable or growing long-term.
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