Seaport Research upgraded Fox Corp. (FOXA) to Buy from Neutral with a $64 price target The firm views the recent pullback in the shares as overdone. There remains a “logical place” for sports betting data and access alongside sports programming rights, despite challenges from prediction markets, the analyst tells investors in a research note. Seaport likes Fox ‘s upcoming FIFA World Cup programming and mid-term election cycle catalysts for advertising growth. In addition, the company is slowing its linear subscriber losses with direct-to-consumer services “for the cord-nevers,” says the firm.
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