Morgan Stanley raised the firm’s price target on Fox Corp. (FOX) (FOXA) to $77 from $74 and keeps an Equal Weight rating on the shares as the firm raises estimates following “strong” fiscal Q2 results that it says “were once again led by meaningful advertising outperformance.” In a challenging pay-TV market, Fox continues to show relative strength compared to peers due to its focus on live news and sports content, the analyst added.
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