JPMorgan Chase Upgrades FOX Corporation to Overweight Rating
FOX Corporation (NASDAQ: FOXA) has received an upgrade from JPMorgan Chase & Co. to 'overweight' from its previous rating of 'neutral'. The brokerage firm set a price objective of $82.00, indicating a potential upside of 25.29% from the company's previous close.
This move follows several other updates to FOX's ratings in recent months. In June, UBS Group reiterated a 'neutral' rating on shares of FOX. Meanwhile, Wells Fargo & Company raised its rating from 'equal weight' to 'overweight', setting a target price of $80.00 for the company.
FOX has been the subject of various analyst opinions, with nine analysts assigning a 'buy' rating, eight issuing a 'hold' rating, and one assigning a 'sell' rating. The consensus rating among analysts is currently 'hold', with a target price of $74.31.