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News Corp. price target raised to $45 from $44 at Guggenheim

Guggenheim analyst Curry Baker raised the firm’s price target on News Corp. (NWSA) to $45 from $44 and keeps a Buy rating on the shares after updating the firm’s model to reflect fiscal Q3 earnings and management’s forward commentary. The firm is “hopeful” given News’ improved balance sheet and liquidity profile that management will look at increased capital returns iva buybacks and dividends, the analyst added.

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