FOX Corp. (FOXA) PT Lowered to $36 at Rosenblatt

May 13, 2022 2:57 PM EDT
Get Alerts FOXA Hot Sheet
Price: $33.46 +0.39%

Rating Summary:
    26 Buy, 16 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 4 | Down: 15 | New: 18
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Rosenblatt analyst Barton Crockett lowered the price target on FOX Corp. (NASDAQ: FOXA) to $36.00 (from $38.00) while maintaining a Neutral rating following earnings.

The analyst commented, "We update Fox Corp. for F3Q22 actuals. We retain a Neutral rating, and our price target is adjusted to $36. Fox Corp. remains impressively strong in traditional TV. But that success is bracketed by secular pressures in pay TV. Fox's digital expansions into Tubi and sports betting are interesting, but not material enough at this point to be transformative to our view of equity value."

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