Wells Fargo Double Upgrades FOX Corp. (FOXA) to Overweight

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Go back to Wells Fargo Double Upgrades FOX Corp. (FOXA) to Overweight

Fox stock double-upgraded at Wells Fargo on Venu/sports streaming potential

August 16, 2024 6:25 AM EDT

Fox Corporation (NASDAQ: FOXA) received a significant boost from Wells Fargo, which has double-upgraded the stock from Underweight to Overweight in a note Friday.

This rating lift comes as the analysts at Wells Fargo have grown increasingly optimistic about Fox's potential in the burgeoning sports streaming market, particularly with its Venu platform.

Wells Fargo's deep dive into the Venu platform led them to conclude... More