Fox Corporation: Strategic Positioning and Financial Strength Support Buy Rating
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Jessica Reif Ehrlich has issued a Buy rating for Fox Corporation, citing its strategic positioning in live content and a strong financial outlook. The resolution of the Murdoch Family Trust dispute enhances stability, while anticipated growth in cable revenue and a solid advertising environment support this outlook. Fox's strong balance sheet may enable strategic investments, and potential renegotiation of NFL media rights could further benefit the company. UBS also maintains a Buy rating with a $65.00 price target.
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