Fox (FOXA) Gets a Buy Rating from Morgan Stanley

By Jason Carr

Morgan Stanley analyst Benjamin Swinburne maintained a Buy rating on Fox (FOXAResearch Report) on July 20 and set a price target of $31.00. The company’s shares closed last Monday at $25.72.

According to TipRanks.com, Swinburne is a 5-star analyst with an average return of 12.1% and a 60.0% success rate. Swinburne covers the Services sector, focusing on stocks such as Live Nation Entertainment, Liberty Sirius XM Group, and Charter Communications.

Fox has an analyst consensus of Moderate Buy, with a price target consensus of $29.36, implying a 10.5% upside from current levels. In a report issued on July 12, RBC Capital also maintained a Buy rating on the stock with a $31.00 price target.

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The company has a one-year high of $39.74 and a one-year low of $19.81. Currently, Fox has an average volume of 4.44M.

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Fox Corp. delivers compelling news, sports and entertainment content. The company provides news under the brands FOX News, FOX Business, FS1, FS2, Big Ten Network, FOX Network and FOX Television Stations. It empowers a diverse range of creators to imagine and develops culturally significant content, while building an organization that thrives on creative ideas, operational expertise and strategic thinking. The company was founded on May 3, 2018 and is headquartered in New York, NY.