Fox Shares Rise After JPMorgan, Wells Fargo Upgrades

MT Newswires Live

Aug 15

Fox (FOXA) shares were up 5.3% in Friday trading after JPMorgan upgraded its rating on the company's stock to overweight from neutral and adjusted its price target to $82 from $70.

Wells Fargo also upgraded its rating on Fox to overweight from equalweight and raised its price target to $80 from $65.

Additionally, Deutsche Bank increased its price target on the company to $80 from $79 and maintained its buy rating.

Trading volume stood at 5.4 million shares, compared with a daily average of about 6.2 million.

Price: 68.98, Change: +3.53, Percent Change: +5.39

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