Analyst Upgrades Fox Stock Rating

Macquarie Capital analyst Tim Nollen has upgraded his rating on the stock of Fox Corp. to “neutral” and boosted his price target by $9 to $31, citing improving advertising trends that led him to increase his financial estimates, among other things. “The ad market is looking better than previously expected, and a return of live sports along with political ad spend in the second half of the calendar year would boost Fox,” he wrote in a Friday report.