Evercore ISI analyst Vijay Jayant raised the firm’s price target on Fox Corp. (FOXA) to $66 from $55 and keeps an In Line rating on the shares. The company delivered a “standout” quarter with impressive beats across key metrics, highlighting strong momentum in advertising and distribution revenue, the analyst tells investors in a research note. The firm added that, despite a narrower deficit, free cash flow remains an area to watch, particularly in the light of the ASR program.
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