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Fox Will See Big Win from New Sports Joint Venture: Analyst

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Citigroup analyst Jason Bazinet upgraded Fox Corp (NASDAQ:FOXA) from Neutral to Buy and raised the price target from $34 to $35.

On February 6, 2024, Walt Disney Co (NYSE:DIS), Fox, and Warner Bros Discovery, Inc (NASDAQ:WBD) announced a sports joint venture encompassing ~50% of US sports rights. 

The analyst’s analysis shows that the JV will be a positive for Fox. As such, he modestly raised his …

Full story available on Benzinga.com

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