Fox (FOX) just made the biggest move of its post-Disney era, agreeing to buy Roku for roughly $22 billion.
But the stock fell sharply the day the deal landed and kept sliding the next session, pushing Fox shares to a fresh 52-week low.
Now one of Wall Street's most followed **** ysts has weighed in, and her verdict gives cautious shareholders something to watch.
Bank of America Securities **** yst Jessica Reif Ehrlich kept her sell rating on Fox and nudged her price target up to $54, as reported by TipRanks.
Ehrlich's target tells investors what to watch. It sits just above where Fox's more widely traded Class A shares closed and above the battered Class B stock, making this a verdict on the absence of near-term catalysts, not a call for more downside.
But the stock fell sharply the day the deal landed and kept sliding the next session, pushing Fox shares to a fresh 52-week low.
Now one of Wall Street's most followed **** ysts has weighed in, and her verdict gives cautious shareholders something to watch.
Bank of America Securities **** yst Jessica Reif Ehrlich kept her sell rating on Fox and nudged her price target up to $54, as reported by TipRanks.
Ehrlich's target tells investors what to watch. It sits just above where Fox's more widely traded Class A shares closed and above the battered Class B stock, making this a verdict on the absence of near-term catalysts, not a call for more downside.
7 hours ago
