FOX Upgraded to Overweight by JPMorgan Chase & Co.

FOX Corporation (NASDAQ: FOX) has received an upgrade from JPMorgan Chase & Co. The firm has changed its rating to 'overweight' from 'neutral', with a price objective of $82.00, up from $70.00. This indicates a potential upside of 33.84%.

This is not the first time analysts have weighed in on FOX. In July, Zacks Research upgraded the stock from a 'hold' to a 'strong-buy', while Seaport Research Partners cut it from a 'buy' to a 'hold'. Citigroup reiterated its 'buy' rating in another report.

Institutional investors and hedge funds own 26.41% of the company's stock, with recent purchases including Globeflex Capital L P and Wedge Capital Management L L P NC.