Goldman Sachs raised the firm’s price target on Fox Corp. (FOXA) to $79 from $74 and keeps a Buy rating on the shares after its Q1 earnings beat. Within Television, advertising revenue grew 6% y/y despite difficult comps from year-ago’s political revenue, UEFA/Euro soccer, and WWE, which underscored strong secular growth at Tubi and underlying FOX broadcast advertising strength that is likely driven by sports ratings, the analyst tells investors in a research note.
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