21st Century Fox Possible Offer for Sky plc

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Wedbush Cuts Price Target on 21st Century Fox (FOXA) to $31

December 13, 2016 7:45 AM EST

Wedbush maintained an Outperform rating on 21st Century Fox (NASDAQ: FOXA), and cut the price target to $31.00 (from $33.00) based on likely dilution from a SKY plc deal. On Friday, SKY and FOXA separately announced an agreement in principle on a possible deal at £10.75/$12.90... More