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Investing.com -- Citi maintained its "Buy" rating on News Corp (NASDAQ:NWSA), with a $36 price target, as it opened a positive catalyst watch ahead of a potential ruling in the Murdoch family trust case in Nevada court.
âWe maintain our Buy rating as we continue to see upside if the firm spins REA,â analyst said.
The brokerage sees the decision, expected within 90 days, as a possible trigger for News Corp to move to a single class of shares, a step that could pave the way for a spi...
>>> Read more: Citi puts News Corp on positive catalyst watch on ahead of trust ruling
âWe maintain our Buy rating as we continue to see upside if the firm spins REA,â analyst said.
The brokerage sees the decision, expected within 90 days, as a possible trigger for News Corp to move to a single class of shares, a step that could pave the way for a spi...
>>> Read more: Citi puts News Corp on positive catalyst watch on ahead of trust ruling
