BofA raised the firm’s price target on Fox Corp. (FOXA) to $55 from $50 and keeps a Buy rating on the shares. The firm expects Fox’s fiscal Q2 to reflect the benefit of political advertising as well as “robust” sports advertising, solid growth in direct response pricing, improvement in scatter, and continued strength at Tubi. For fiscal Q3, indications are that Super Bowl demand is “extremely strong,” the analyst added in a preview.
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