Fox Corp profit drops nearly 33% on higher expenses, ad slowdown

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Fox Corporation (FOX) 'long-term strategy remains unclear' - JPMorgan

November 3, 2023 9:22 AM EDT

JPMorgan analysts downgraded shares of Fox Corporation (NASDAQ: FOX) to Neutral from Overweight, lowering the price target to $36 from $40 per share in a note Friday.

The investment bank said the company's long-term strategy remains unclear as the media ecosystem increasingly pivots to... More