NWS News: Bringing Fox And News Corp Back Together Again Scares This Analyst, Who Just Downgraded The Stock On - 18th Oct 2022, 3:02am

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Credit Suisse analyst Douglas Mitchelson downgraded Fox Corp (NASDAQ: FOX) (NASDAQ: FOXA) to Neutral from Outperform with a price target of $36, down from $41. Rupert Murdoch weighed merging his media empire, News Corp (NASDAQ: NWSA) and Fox, nearly a decade after the companies split. Fox is increasingly facing a "shift to unfavorable" fiscal 2024 drivers that do not appear fully factored into consensus, including political and Super Bowl compares and the first-year Sunday NFL step-up. Fox faced...

>>> Read more: Bringing Fox And News Corp Back Together Again Scares This Analyst, Who Just Downgraded The Stock On Merger Concerns