0052 GMT - Morgan Stanley analysts see a few options for News Corp. and its newfound net-cash position. They think that the market is underestimating the potential impact of what they say is the media conglomerate's first net-cash position for a long time. The business is less capital intensive and generating more free cashflow, they tell clients in a note. They suggest that, with its interest in Foxtel cable-TV divested, News Corp. could embark on M&A, reinvest in its existing business, or return capital to shareholders. MS keeps an overweight rating and US$37.00 target price on News Corp.'s U.S. stock, which last traded at US$32.57. News Corp.'s Australia-listed securities are down 2.3% at A$51.91. News Corp owns Dow Jones & Co., the publisher of Dow Jones Newswires and The Wall Street Journal. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 11, 2025 20:52 ET (00:52 GMT)
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