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Fox Corp. (NASDAQ: FOXA) initiated with Buy rating and $52 target by Gabelli

  • Fox Corp initiated with $52 target and Buy rating by Gabelli analyst
  • Brett Harris believes the brand is still powerful after sale of 21st Century Fox
  • Stock price trading at $37.80 at press time

Fox Corp. (NASDAQ: FOXA) has been initiated with a target of $52 and a Buy rating by Gabelli analyst Brett Hariss. The analyst said the brand is still ‘powerful’ after the 21st Century Fox sale to Disney (NYSE: DIS).

In a note to investors he added that Fox has an appealing selection of television channels and is set to be successful in an increasingly competitive pay-TV environment.

At press time the stock was trading at $37.80 on the NASDAQ stock exchange.