- 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.